Text: H04180 Text: H04182 Text: H04100 - H04199 Text: H Index Bills and Amendments: General Index Bill History: General Index
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PAG LIN
1 1 Amend the Senate amendment, H-4176, to House File
1 2 518, as amended, passed, and reprinted by the House,
1 3 as follows:
1 4 #1. Page 1, by inserting before line 32, the
1 5 following:
1 6 "Each county treasurer shall be paid an amount
1 7 equal to the amount of the public utility property tax
1 8 replacement claim as calculated pursuant to section
1 9 476.1E.
1 10 Sec. . NEW SECTION. 476.1E DEPARTMENT OF
1 11 REVENUE AND FINANCE AND COUNTY AUDITOR DUTIES.
1 12 1. On or before July 1 of each year, the
1 13 department of revenue and finance shall determine the
1 14 total valuation of all property assessed under section
1 15 476.1D, subsection 10, for that year and the valuation
1 16 of such property if it were assessed as of January 1,
1 17 1995, and shall report the valuations to the county
1 18 auditor.
1 19 2. On or before July 1, 1997, and on or before
1 20 July 1 of each subsequent year, the county auditor
1 21 shall prepare a statement listing for each taxing
1 22 district in the county:
1 23 a. Beginning with the assessment year beginning
1 24 January 1, 1996, the difference between the assessed
1 25 valuations of property assessed pursuant to section
1 26 476.1D, subsection 10, and the assessed value of such
1 27 property if it were assessed as of January 1, 1995.
1 28 The auditor shall make other adjustments as directed
1 29 by rule of the department of revenue and finance.
1 30 b. The tax levy rate for each taxing district for
1 31 the fiscal year.
1 32 c. If the calculation under paragraph "a"
1 33 indicates a net decrease in aggregate valuation of
1 34 such property, the public utility property tax
1 35 replacement claim for each taxing district is equal to
1 36 the net decrease determined pursuant to paragraph "a",
1 37 multiplied by the tax rate specified in paragraph "b".
1 38 3. The county auditor shall certify and forward
1 39 one copy of the statement to the department of revenue
1 40 and finance not later than July 1 of each year.
1 41 Sec. . NEW SECTION. 476.1F FUND CREATED.
1 42 1. The public utility property tax replacement
1 43 fund is created. There is appropriated annually from
1 44 the general fund of the state to the department of
1 45 revenue and finance to be credited to the public
1 46 utility property tax replacement fund, an amount
1 47 necessary to administer this section and section
1 48 476.1E.
1 49 2. Each county treasurer shall be paid from the
1 50 fund created in this section the amount calculated
2 1 pursuant to section 476.1E. The payment shall be made
2 2 in two equal installments on or before September 30
2 3 and March 30 of each year. The county treasurer shall
2 4 apportion the payment in the manner provided in
2 5 section 445.57.
2 6 3. If an amount appropriated for a fiscal year is
2 7 insufficient to pay all claims, the director shall
2 8 prorate the disbursements from the fund to the county
2 9 treasurers and shall notify the county auditors of the
2 10 pro rata percentage on or before August 1. If an
2 11 amount appropriated for a fiscal year is in excess of
2 12 the amount necessary to pay all claims according to
2 13 the replacement schedule in section 476.1E, the
2 14 director shall prorate the disbursements from the fund
2 15 to the county treasurers, notwithstanding the amount
2 16 of the claims, and shall notify the county auditors of
2 17 the pro rata percentage on or before August 1.
2 18 4. The replacement amount paid to each school
2 19 district shall be regarded as property tax for the
2 20 purposes of the school foundation property tax levy in
2 21 section 257.3 and the additional property tax levy in
2 22 section 257.4. The department of management shall
2 23 annually make the adjustments necessary to implement
2 24 this subsection.""
2 25 #2. Page 2, by inserting after line 50 the
2 26 following:
2 27 "# . Title page, line 2, by inserting after the
2 28 word "services" the following: "and to the assessment
2 29 of certain utilities for purposes of property taxation
2 30 and providing replacement funds to local
2 31 governments"."
2 32 #3. By renumbering as necessary.
2 33
2 34
2 35
2 36 WEIGEL of Chickasaw
2 37 HF 518.339 76
2 38 sc/cf
Text: H04180 Text: H04182 Text: H04100 - H04199 Text: H Index Bills and Amendments: General Index Bill History: General Index
Iowa General Assembly
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