H.F. 2225 Section 1. Section 357B.3, subsection 2, Code 2018, is 1 amended to read as follows: 2 2. If the levy authorized under subsection 1 is insufficient 3 to provide the services authorized or required under this 4 section , the trustees may levy an additional annual tax not 5 exceeding twenty : 6 a. Twenty and one-fourth cents per thousand dollars of 7 assessed value of the taxable property in the benefited 8 district to provide the services for a fiscal year beginning 9 before July 1, 2019 . 10 b. Thirty and one-half cents per thousand dollars of 11 assessed value of the taxable property in the benefited 12 district to provide the services for a fiscal year beginning on 13 or after July 1, 2019. 14 EXPLANATION 15 The inclusion of this explanation does not constitute agreement with 16 the explanation’s substance by the members of the general assembly. 17 Code chapter 357B governs benefited fire districts 18 established prior to July 1, 1975. As part of a benefited fire 19 district’s funding authority, if the general operating levy of 20 40 1/2 cents per $1,000 of assessed value is insufficient to 21 provide the services authorized or required of the district, 22 current law allows the board of trustees to levy an additional 23 annual tax not to exceed 20 1/4 cents per $1,000 of assessed 24 value. This bill increases the maximum additional annual tax 25 to a rate not to exceed 30 1/2 cents per $1,000 of assessed 26 value for fiscal years beginning on or after July 1, 2019. 27 -1- LSB 5951YH (2) 87 md/jh 1/ 1