HF 3200

FIRST ENGROSSMENT

Internal Revenue Code conforming changes made, tuition and teacher expense additions provided, contractor withholdings required, income tax brackets index temporarily modified, nonresident income assigned to this state, and report required.

Section 1: Internal Revenue Code definition modified and effective date provided.

Section 2: Returns by persons, corporations, cooperatives, government entities, or school district payment provision added and effective date provided.

Section 3: Net income language modified and effective date provided.

Section 4: Additions to federal taxable income language added.

Section 5: Internal Revenue Code language modified and effective date provided.

Section 6: Schedules of rates for individuals, estates, and trusts language modified, and effective date provided.

Section 7: Income not derived from conduct of a trade or business language removed and effective date provided.

Section 8: Payments to peresons who are not employees language added and effective date provided.

Section 9: Internal Revenue Code language removed and effective date provided.

Section 10: Scope language modified and effective date provided.

Section 11: Audit and report to legislature language provided.

Section 12: Indexing for tax brackets; Tax years 2009 and 2010 language provided.

JAJ 2/22/08