Text: H05025 Text: H05027 Text: H05000 - H05099 Text: H Index Bills and Amendments: General Index Bill History: General Index
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PAG LIN
1 1 Amend House File 2112 as follows:
1 2 #1. By striking page 1, line 3, through page 2,
1 3 line 8, and inserting the following:
1 4 "NEW UNNUMBERED PARAGRAPH. For property taxes
1 5 payable in the fiscal year beginning July 1, 1996, the
1 6 city's tax levy rate for the general fund under this
1 7 section is authorized to exceed eight dollars and ten
1 8 cents per thousand dollars of taxable value by the
1 9 product of eight dollars and ten cents multiplied by
1 10 the sum of the inflation factor and the population
1 11 factor. This increased levy rate applies only for
1 12 property taxes payable in the fiscal year beginning
1 13 July 1, 1996.
1 14 NEW UNNUMBERED PARAGRAPH. For property taxes
1 15 payable in the fiscal year beginning July 1, 1997, the
1 16 city's tax levy rate for the general fund under this
1 17 section is authorized to exceed eight dollars and ten
1 18 cents per thousand dollars of taxable value by the
1 19 product of eight dollars and ten cents multiplied by
1 20 the sum of the inflation factor and the population
1 21 factor. This increased levy rate applies only for
1 22 property taxes payable in the fiscal year beginning
1 23 July 1, 1997.
1 24 NEW UNNUMBERED PARAGRAPH. For purposes of this
1 25 section, "inflation factor" for property taxes payable
1 26 in the fiscal year beginning July 1, 1996, means the
1 27 percent change in the price index for government
1 28 purchases, as computed pursuant to section 444.25A,
1 29 subsection 2, paragraph "e", for the fiscal year
1 30 beginning July 1, 1996. "Inflation factor" for
1 31 property taxes payable in the fiscal year beginning
1 32 July 1, 1997, means the inflation factor for the
1 33 fiscal year beginning July 1, 1996, plus the percent
1 34 change in the price index for government purchases, as
1 35 computed pursuant to section 444.25B, subsection 2,
1 36 paragraph "e", for the fiscal year beginning July 1,
1 37 1997.
1 38 NEW UNNUMBERED PARAGRAPH. For purposes of this
1 39 section, "population factor" for property taxes
1 40 payable in the fiscal year beginning July 1, 1996, or
1 41 July 1, 1997, means the percent increase, if any, in
1 42 the population as of January 1 of the calendar year in
1 43 which the fiscal year begins, as determined or
1 44 estimated by the United States census bureau, from the
1 45 population as determined by the latest preceding
1 46 certified federal census.
1 47 NEW UNNUMBERED PARAGRAPH. Before a city exceeds
1 48 the eight dollar and ten cent general fund levy rate
1 49 under this section, the governing body shall pass a
1 50 resolution authorizing the general fund levy to be in
2 1 excess of the eight dollar and ten cent levy rate
2 2 limit under this section."
2 3
2 4
2 5
2 6 DISNEY of Polk
2 7 HF 2112.301 76
2 8 mg/cf
Text: H05025 Text: H05027 Text: H05000 - H05099 Text: H Index Bills and Amendments: General Index Bill History: General Index
Iowa General Assembly
Search: House Bills and Amendments (76th General Assembly)
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