Bill Text: IA SF118 | 2023-2024 | 90th General Assembly | Introduced
Bill Title: A bill for an act relating to floriculture production and the manufacturing 4.0 technology investment program.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-01-30 - Subcommittee: Koelker, Dotzler, and Reichman. S.J. 208. [SF118 Detail]
Download: Iowa-2023-SF118-Introduced.html
Senate
File
118
-
Introduced
SENATE
FILE
118
BY
KLIMESH
A
BILL
FOR
An
Act
relating
to
floriculture
production
and
the
1
manufacturing
4.0
technology
investment
program.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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S.F.
118
Section
1.
Section
15.371,
subsection
5,
paragraph
b,
Code
1
2023,
is
amended
to
read
as
follows:
2
b.
Have
either
a
North
American
industry
classification
3
system
number
within
the
manufacturing
sector
range
of
31-33
,
4
or
have
the
North
American
industry
classification
system
5
number
111422,
floriculture
production
.
6
EXPLANATION
7
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
8
the
explanation’s
substance
by
the
members
of
the
general
assembly.
9
This
bill
relates
to
floriculture
production
and
the
10
manufacturing
4.0
technology
investment
program
(program).
11
Under
the
program,
the
economic
development
authority
may
12
award
financial
assistance
to
eligible
manufacturers
for
13
manufacturing
4.0
technology
investments.
Manufacturing
4.0
14
technology
investments
are
projects
intended
to
lead
to
the
15
adoption
of,
and
integration
of,
smart
technologies
into
16
existing
manufacturing
operations
by
mitigating
the
risk
17
to
the
manufacturer
of
significant
technology
investments.
18
Projects
may
include
investments
in
specialized
hardware,
19
software,
or
other
equipment
intended
to
assist
a
manufacturer
20
in
increasing
the
manufacturer’s
productivity,
efficiency,
and
21
competitiveness.
22
Under
current
law,
a
manufacturer
must
have
a
North
23
American
industry
classification
system
number
(NAICS)
in
the
24
manufacturing
range
of
31-33
to
meet
one
of
the
eligibility
25
requirements
for
the
program.
Under
the
bill,
a
manufacturer
26
with
a
NAICS
number
of
111422,
floriculture
production,
may
27
also
be
eligible
for
the
program.
28
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