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House Amendment 5052

Amendment Text

PAG LIN
  1  1    Amend House File 2111 as follows:
  1  2    #1.  By striking page 3, line 28, through page 4,
  1  3 line 18, and inserting the following:  
  1  4                      "DIVISION ___
  1  5                   SCHOOL PROPERTY TAX
  1  6    Sec. 101.  Section 257.3, subsection 1, unnumbered
  1  7 paragraph 1, Code Supplement 1995, is amended to read
  1  8 as follows:
  1  9    Except as provided in subsections 2 and 3, a A
  1 10 school district shall cause to be levied each year,
  1 11 for the school general fund, a foundation property tax
  1 12 equal to five four dollars and forty fifteen cents per
  1 13 thousand dollars of assessed valuation on all taxable
  1 14 property in the district.  The county auditor shall
  1 15 spread the foundation levy over all taxable property
  1 16 in the district.
  1 17    Sec. 102.  Section 257.3, subsections 2 and 3, Code
  1 18 Supplement 1995, are amended by striking the
  1 19 subsections.
  1 20    Sec. 103.  Section 257.3, subsection 4, Code
  1 21 Supplement 1995, is amended to read as follows:
  1 22    4.  RAILWAY CORPORATIONS.  For purposes of section
  1 23 257.1, the "amount per pupil of foundation property
  1 24 tax" does not include the tax levied under subsection
  1 25 1, 2, or 3 on the property of a railway corporation,
  1 26 or on its trustee if the corporation has been declared
  1 27 bankrupt or is in bankruptcy proceedings.
  1 28    Sec. 104.  Section 275.55, unnumbered paragraph 4,
  1 29 Code 1995, is amended by striking the unnumbered
  1 30 paragraph.
  1 31    Sec. 105.  Section 425A.3, subsection 1, Code 1995,
  1 32 is amended to read as follows:
  1 33    1.  The family farm tax credit fund shall be
  1 34 apportioned each year in the manner provided in this
  1 35 chapter so as to give a credit against the tax on each
  1 36 eligible tract of agricultural land within the several
  1 37 school districts of the state in which the levy for
  1 38 the general school fund exceeds five four dollars and
  1 39 forty fifteen cents per thousand dollars of assessed
  1 40 value.  The amount of the credit on each eligible
  1 41 tract of agricultural land shall be the amount the tax
  1 42 levied for the general school fund exceeds the amount
  1 43 of tax which would be levied on each eligible tract of
  1 44 agricultural land were the levy for the general school
  1 45 fund five four dollars and forty fifteen cents per
  1 46 thousand dollars of assessed value for the previous
  1 47 year.  However, in the case of a deficiency in the
  1 48 family farm tax credit fund to pay the credits in
  1 49 full, the credit on each eligible tract of
  1 50 agricultural land in the state shall be proportionate
  2  1 and applied as provided in this chapter.
  2  2    Sec. 106.  Section 425A.5, Code 1995, is amended to
  2  3 read as follows:
  2  4    425A.5  COMPUTATION BY COUNTY AUDITOR.
  2  5    The family farm tax credit allowed each year shall
  2  6 be computed as follows:  On or before March 1, the
  2  7 county auditor shall list by school districts all
  2  8 tracts of agricultural land which are entitled to
  2  9 credit, the taxable value for the previous year, the
  2 10 budget from each school district for the previous
  2 11 year, and the tax rate determined for the general fund
  2 12 of the school district in the manner prescribed in
  2 13 section 444.3 for the previous year, and if the tax
  2 14 rate is in excess of five four dollars and forty
  2 15 fifteen cents per thousand dollars of assessed value,
  2 16 the auditor shall multiply the tax levy which is in
  2 17 excess of five four dollars and forty fifteen cents
  2 18 per thousand dollars of assessed value by the total
  2 19 taxable value of the agricultural land entitled to
  2 20 credit in the school district, and on or before March
  2 21 1, certify the total amount of credit and the total
  2 22 number of acres entitled to the credit to the
  2 23 department of revenue and finance.
  2 24    Sec. 107.  Section 426.3, Code 1995, is amended to
  2 25 read as follows:
  2 26    426.3  WHERE CREDIT GIVEN.
  2 27    The agricultural land credit fund shall be
  2 28 apportioned each year in the manner hereinafter
  2 29 provided in this chapter so as to give a credit
  2 30 against the tax on each tract of agricultural lands
  2 31 within the several school districts of the state in
  2 32 which the levy for the general school fund exceeds
  2 33 five four dollars and forty fifteen cents per thousand
  2 34 dollars of assessed value; the amount of such credit
  2 35 on each tract of such lands shall be the amount the
  2 36 tax levied for the general school fund exceeds the
  2 37 amount of tax which would be levied on said the tract
  2 38 of such lands were the levy for the general school
  2 39 fund five four dollars and forty fifteen cents per
  2 40 thousand dollars of assessed value for the previous
  2 41 year, except in the case of a deficiency in the
  2 42 agricultural land credits fund to pay said credits in
  2 43 full, in which case the credit on each eligible tract
  2 44 of such lands in the state shall be proportionate and
  2 45 shall be applied as hereinafter provided in this
  2 46 chapter.
  2 47    Sec. 108.  Section 426.6, unnumbered paragraph 1,
  2 48 Code 1995, is amended to read as follows:
  2 49    The agricultural land tax credit allowed each year
  2 50 shall be computed as follows:  On or before the first
  3  1 of June the county auditor shall list by school
  3  2 districts all tracts of agricultural lands which they
  3  3 are entitled to credit, together with the taxable
  3  4 value for the previous year, together with the budget
  3  5 from each school district for the previous year, and
  3  6 the tax rate determined for the general fund of the
  3  7 district in the manner prescribed in section 444.3 for
  3  8 the previous year, and if such the tax rate is in
  3  9 excess of five four dollars and forty fifteen cents
  3 10 per thousand dollars of assessed value, the auditor
  3 11 shall multiply the tax levy which is in excess of five
  3 12 four dollars and forty fifteen cents per thousand
  3 13 dollars of assessed value by the total taxable value
  3 14 of the agricultural lands entitled to credit in the
  3 15 district, and on or before the first of June certify
  3 16 the amount to the department of revenue and finance.
  3 17    Sec. 109.
  3 18    1.  Sections 101 through 104 of this division of
  3 19 this Act, being deemed of immediate importance, take
  3 20 effect upon enactment, and apply to the computation of
  3 21 school foundation property taxes payable during school
  3 22 budget years beginning on or after July 1, 1996.
  3 23    2.  Sections 105 through 108 of this division of
  3 24 this Act take effect January 1, 1997, and apply to the
  3 25 computation of family farm tax credits and
  3 26 agricultural land tax credits granted for property
  3 27 taxes payable in school budget years beginning on or
  3 28 after July 1, 1997."
  3 29    #2.  Title page, lines 4 and 5, by striking the
  3 30 words "appropriating moneys to a special taxpayer
  3 31 relief account" and inserting the following:
  3 32 "reducing the school district uniform levy".  
  3 33 
  3 34 
  3 35                              
  3 36 HALVORSON of Clayton
  3 37 
  3 38 
  3 39                              
  3 40 GRIES of Crawford
  3 41 
  3 42 
  3 43                              
  3 44 BRUNKHORST of Bremer
  3 45 
  3 46 
  3 47                              
  3 48 CORMACK of Webster
  3 49 HF 2111.501 76
  3 50 mg/jw
     

Text: H05051                            Text: H05053
Text: H05000 - H05099                   Text: H Index
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