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Text: H03564                            Text: H03566
Text: H03500 - H03599                   Text: H Index
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House Amendment 3565

Amendment Text

PAG LIN
  1  1    Amend House File 519 as follows:
  1  2    #1.  Page 5, by inserting after line 31 the
  1  3 following:
  1  4    "Sec.    .  Section 441.21, subsection 1, paragraph
  1  5 e, Code 1995, is amended to read as follows:
  1  6    e.  The actual value of agricultural property shall
  1  7 be determined on the basis of productivity and net
  1  8 earning capacity of the property determined on the
  1  9 basis of its use for agricultural purposes capitalized
  1 10 at a rate of seven percent and applied uniformly among
  1 11 counties and among classes of property.  Any formula
  1 12 or method employed to determine productivity and net
  1 13 earning capacity of property shall be adopted in full
  1 14 by rule.  The actual valuation of property which is an
  1 15 animal feeding operation with six hundred twenty-five
  1 16 thousand or more pounds of animal weight capacity as
  1 17 defined in section 455B.161 shall be assessed as
  1 18 industrial property."
  1 19    #2.  By renumbering as necessary.  
  1 20 
  1 21 
  1 22                              
  1 23 FALLON of Polk
  1 24 HF 519.203 76
  1 25 da/jj
     
Text: H03564                            Text: H03566
Text: H03500 - H03599                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index
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