Senate File 13
SENATE FILE
BY SIEVERS
Passed Senate, Date Passed House, Date
Vote: Ayes Nays Vote: Ayes Nays
Approved
A BILL FOR
1 An Act relating to supplemental appropriations to reimburse
2 counties for certain property tax credits and exemptions
3 allowed and including an effective date.
4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
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PAG LIN
1 1 Section 1. HOMESTEAD TAX CREDIT.
1 2 1. There is appropriated from the general fund of the
1 3 state to the department of revenue and finance for the fiscal
1 4 year beginning July 1, 2002, and ending June 30, 2003, the
1 5 following amount for the purpose designated:
1 6 For reimbursing counties for granting homestead tax credits
1 7 as provided in subsection 2:
1 8 .................................................. $ 5,331,296
1 9 2. The appropriation made in subsection 1 shall be used to
1 10 reimburse counties, to the extent not previously reimbursed,
1 11 that granted to taxpayers the maximum allowable homestead
1 12 credit pursuant to section 425.1 for taxes payable in the
1 13 fiscal year beginning July 1, 2002. Payments made pursuant to
1 14 this subsection shall not be made sooner than March 15, 2003.
1 15 3. The appropriation in subsection 1 is in addition to the
1 16 appropriation made in section 425.1 as limited by 2002 Iowa
1 17 Acts, chapter 1171, section 175, subsection 10, as amended by
1 18 2002 Iowa Acts, Second Extraordinary Session, chapter 1003,
1 19 section 181.
1 20 Sec. 2. ELDERLY AND DISABLED TAX CREDIT.
1 21 1. There is appropriated from the general fund of the
1 22 state to the department of revenue and finance for the fiscal
1 23 year beginning July 1, 2002, and ending June 30, 2003, the
1 24 following amount for the purpose designated:
1 25 For reimbursing counties for granting elderly and disabled
1 26 tax credits as provided in subsection 2:
1 27 .................................................. $ 89,303
1 28 2. The appropriation made in subsection 1 shall be used to
1 29 reimburse counties, to the extent not previously reimbursed,
1 30 that granted to taxpayers the maximum allowable elderly and
1 31 disabled tax credit pursuant to section 425.23 for taxes
1 32 payable in the fiscal year beginning July 1, 2002. Payments
1 33 made pursuant to this subsection shall not be made sooner than
1 34 March 15, 2003.
1 35 3. The appropriation in subsection 1 is in addition to the
2 1 appropriation made in section 425.39 as limited by 2002 Iowa
2 2 Acts, chapter 1171, section 176, as amended by 2002 Iowa Acts,
2 3 Second Extraordinary Session, chapter 1003, section 182.
2 4 Sec. 3. MILITARY SERVICE TAX CREDIT.
2 5 1. There is appropriated from the general fund of the
2 6 state to the department of revenue and finance for the fiscal
2 7 year beginning July 1, 2002, and ending June 30, 2003, the
2 8 following amount for the purpose designated:
2 9 For reimbursing counties for granting military service tax
2 10 credit exemptions as provided in subsection 2:
2 11 .................................................. $ 79,475
2 12 2. The appropriation made in subsection 1 shall be used to
2 13 reimburse counties, to the extent not previously reimbursed,
2 14 that granted to taxpayers the maximum allowable military
2 15 service tax exemption pursuant to section 426A.11 for taxes
2 16 payable in the fiscal year beginning July 1, 2002. Payments
2 17 made pursuant to this subsection shall not be made sooner than
2 18 March 15, 2003.
2 19 3. The appropriation in subsection 1 is in addition to the
2 20 appropriation made in section 426A.1A as limited by 2002 Iowa
2 21 Acts, chapter 1171, section 175, subsection 12.
2 22 Sec. 4. AGRICULTURAL LAND TAX CREDIT.
2 23 1. There is appropriated from the general fund of the
2 24 state to the department of revenue and finance for the fiscal
2 25 year beginning July 1, 2002, and ending June 30, 2003, the
2 26 following amount for the purpose designated:
2 27 For reimbursing counties for granting agricultural land tax
2 28 credits as provided in subsection 2:
2 29 .................................................. $ 1,921,076
2 30 2. The appropriation made in subsection 1 shall be used to
2 31 reimburse counties, to the extent not previously reimbursed,
2 32 that granted to taxpayers the maximum percentage allowable for
2 33 agricultural land tax credit pursuant to section 426.7 for
2 34 taxes payable in the fiscal year beginning July 1, 2002.
2 35 Payments made pursuant to this subsection shall not be made
3 1 sooner than March 15, 2003.
3 2 3. The appropriation in subsection 1 is in addition to the
3 3 appropriation made in section 426.1 as limited by 2002 Iowa
3 4 Acts, chapter 1171, section 175, subsection 11, as amended by
3 5 2002 Iowa Acts, Second Extraordinary Session, chapter 1003,
3 6 section 181.
3 7 Sec. 5. EFFECTIVE DATE. This Act, being deemed of
3 8 immediate importance, takes effect upon enactment.
3 9 EXPLANATION
3 10 This bill makes supplemental appropriations for FY 2002=
3 11 2003 to the department of revenue and finance to reimburse
3 12 those counties that granted the maximum allowable homestead
3 13 credit, elderly and disabled tax credit, military service tax
3 14 exemption, and agricultural land tax credit. Previously, the
3 15 reimbursements to these counties had been reduced pursuant to
3 16 legislation enacted in the 2002 Regular Session and 2002
3 17 Second Extraordinary Session.
3 18 The bill takes effect upon enactment.
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