Iowa SF 2301: A bill for an act relating to the collection of fees and the performance of background investigations under the medical cannabidiol Act, and including effective date provisions. (Formerly SSB 3122; See SF 2397.)

Bill Text

Senate
File
2301
-
Introduced

SENATE
FILE
2301

BY
COMMITTEE
ON
COMMERCE

(SUCCESSOR
TO
SSB
3103)

A
BILL
FOR

An
Act
relating
to
matters
under
the
purview
of
the
economic
1

development
authority,
the
utilities
commission,
and
2

the
department
of
education,
including
creation
of
the
3

headquarters
expansion
and
development
for
growth
and
4

employment
program,
and
the
business
incentives
for
growth
5

program
training
fund;
repeal
of
the
new
jobs
tax
credit
6

program;
the
major
economic
growth
attraction
program;
load
7

forecasting
and
analysis
of
electric
transmission
system
8

expansion
plans;
creation
of
the
electric
transmission
9

system
expansion
planning
and
analysis
and
load
forecasting
10

fund;
the
industrial
new
jobs
training
program;
and
11

including
effective
date
provisions.
12

BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
13

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2301

DIVISION
I
1

HEADQUARTERS
EXPANSION
AND
DEVELOPMENT
FOR
GROWTH
EMPLOYMENT
2

PROGRAM
3

Section
1.
NEW
SECTION

.
15.600
Short
title.
4

This
part
shall
be
known
and
may
be
cited
as
the
5

“Headquarters
Expansion
and
Development
for
Growth
and
Employment
6

Program”
,
or
“EDGE
Program”
.
7

Sec.
2.
NEW
SECTION
.
15.601
Definitions.
8

As
used
in
this
part,
unless
the
context
otherwise
requires:
9

1.
“Agreement”
means
an
agreement
entered
into
by
an
10

eligible
business
and
the
authority
pursuant
to
section
15.604.
11

2.
“Base
employment
level”
means
the
same
as
defined
in
12

section
15.491.
13

3.
“Benefits”
means
nonwage
compensation
provided
to
an
14

employee.
“Benefits”
include
medical
and
dental
insurance,
a
15

pension,
a
retirement
plan,
a
profit-sharing
plan,
child
care,
16

life
insurance,
vision
insurance,
and
disability
insurance.
17

4.
“Community”
means
a
city
or
county
in
the
state.
18

5.
“Corporate
headquarters”
means
a
location
in
the
19

state
that
serves
as
the
principal
executive
office
or
20

houses
the
core
administrative
operations
for
a
business,
21

and
that
includes
executive
leadership
offices,
strategic
22

decision-making
functions,
and
administrative
and
support
staff
23

employees.
24

6.
“Corporate
job”
means
a
position
based
at
a
corporate
25

headquarters
that
involves
strategic
planning,
executive
26

decision-making,
or
core
administrative
functions.
27

7.
“Created
jobs”
or
“create
jobs”
means
new,
permanent,
28

full-time
equivalent
positions
added
to
an
eligible
business’s
29

payroll,
at
the
location
of
the
eligible
business’s
project,
in
30

excess
of
the
eligible
business’s
base
employment
level.
31

8.
“Data
center
business”
means
the
same
as
defined
in
32

section
423.3,
subsection
95.

33

9.
“Eligible
business”
means
a
business
that
meets
the
34

requirements
of
section
15.602.
35

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10.
“Full-time
equivalent
position”
means
a
non-part-time
1

position
for
the
number
of
hours
or
days
per
week
considered
2

to
be
full-time
work
for
the
kind
of
service
or
work
performed
3

for
an
employer.
Typically,
a
full-time
equivalent
position
4

requires
two
thousand
eighty
hours
of
work
in
a
calendar
year,
5

including
all
paid
holidays,
vacations,
sick
time,
and
other
6

paid
leave.
7

11.
“Gross
annual
wages”
means
all
regular
wages
and
8

salaries
received
by
an
employee
for
performing
services
as
9

an
employee
of
an
employer.
“Gross
annual
wages”
does
not
10

include
nonregular
forms
of
compensation,
such
as
bonuses,
11

unusual
overtime
pay,
commissions,
stock
options,
pensions,
12

retirement
or
death
benefits,
unemployment
benefits,
life
or
13

other
insurance,
or
other
fringe
benefits.
14

12.
“New
corporate
job”
means
a
corporate
job
that
is
a
15

created
job.
16

13.
“Program”
means
the
headquarters
expansion
and
17

development
for
growth
and
employment
program.
18

14.
“Project”
means
an
activity
or
set
of
activities
19

directly
related
to
the
retention
or
location
of
a
corporate
20

headquarters
for
an
eligible
business,
proposed
in
an
eligible
21

business’s
application
to
the
program,
that
will
accomplish
the
22

goals
of
the
program.
23

15.
“Qualifying
wage
threshold”
means
the
mean
wage
level
24

represented
by
the
wages
within
two
standard
deviations
of
25

the
mean
wage
within
the
laborshed
area
in
which
the
eligible
26

business
is
located,
as
calculated
by
the
authority
by
rule,
27

using
the
most
current
covered
wage
and
employment
data
28

available
from
the
department
of
workforce
development
for
the
29

laborshed
area
in
which
the
eligible
business
is
located.
30

16.
“Retained
corporate
job”
means
a
corporate
job
that
is
31

also
a
retained
job.
32

17.
“Retained
jobs”
means
a
full-time
equivalent
position
33

that
is
in
existence
at
the
time
an
eligible
business
applies
34

for
the
program
that
remains
continuously
filled,
and
that
is
35

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at
risk
of
elimination
if
the
proposed
project
for
which
the
1

eligible
business
is
applying
to
the
program
doe