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SENATE PASSES IOWA HOLDING PERIOD FIX
March 13, 2006
The Iowa State Senate today unanimously approved HF 2465 to conform Iowa's "holding period" rules to the federal tax law. The Iowa House has already approved the bill, so now it goes to the Governor.
The bill is a reaction to the Department of Revenue's "master tax guide" rule for determining holding periods. The legislature apparently prefers something that makes sense.
In other important news, the Iowa Senate voted to make the Channel Cat the official state fish. I hope that doesn't make it a protected species or something.
The noble Iowa State Fish (proposed)
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Comments
They taste better than they look. Couldn't we have found a "prettier" fish??
Posted by: Brent | March 13, 2006 6:37 PM
Pretty fish? I think they all look best cleaned and filleted...
Posted by: Joe Kristan | March 14, 2006 7:44 AM