Text: HF00176 Text: HF00178 Text: HF00100 - HF00199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 427B.26, subsection 1, paragraph a,
1 2 Code 1995, is amended to read as follows:
1 3 a. A city council or county board of supervisors may
1 4 provide by ordinance for the special valuation of wind energy
1 5 conversion property as provided in subsection 2. The
1 6 ordinance may be enacted not less than thirty days after a
1 7 public hearing on the ordinance is held. Notice of the
1 8 hearing shall be published in accordance with section 331.305
1 9 in the case of a county, or section 362.3 in the case of a
1 10 city. The ordinance shall only apply to property first
1 11 assessed on or after the effective date of the ordinance,
1 12 except as provided in paragraph "c".
1 13 Sec. 2. Section 427B.26, subsection 1, Code 1995, is
1 14 amended by adding the following new paragraph:
1 15 NEW PARAGRAPH. c. Notwithstanding the restriction in
1 16 paragraph "a", a county that has enacted an ordinance pursuant
1 17 to paragraph "a" prior to January 1, 1995, may extend the
1 18 operation of that ordinance to wind energy conversion property
1 19 that was first assessed prior to January 1, 1994, by amending
1 20 the ordinance to provide for such special valuation.
1 21 Notwithstanding any provision to the contrary, this amendment
1 22 may be enacted without public hearing or notice.
1 23 Sec. 3. Section 427B.26, subsection 2, unnumbered
1 24 paragraph 1, Code 1995, is amended to read as follows:
1 25 In lieu of the valuation and assessment provisions in
1 26 section 441.21, subsection 9, paragraphs "b" and "c", and
1 27 sections 428.24 to 428.29, wind energy conversion property
1 28 which is first assessed for property taxation on or after
1 29 January 1, 1994, and on or after the effective date of the
1 30 ordinance enacted pursuant to subsection 1, except as provided
1 31 in subsection 1, paragraph "c", shall be valued by the local
1 32 assessor for property tax purposes as follows:
1 33 Sec. 4. Section 427B.26, subsection 4, Code 1995, is
1 34 amended by adding the following new paragraph:
1 35 NEW PARAGRAPH. c. Notwithstanding any contrary provision
2 1 in this section, for purposes of determining valuation under
2 2 subsection 2, wind energy conversion property eligible to be
2 3 assessed under subsection 2, pursuant to subsection 1, para-
2 4 graph "c", shall be considered to have first been assessed for
2 5 taxation on January 1, 1994, and the owner shall file notice
2 6 with the assessor of such property's eligibility thirty days
2 7 after the county amends its ordinance as provided in
2 8 subsection 1, paragraph "c".
2 9 Sec. 5. This Act, being deemed of immediate importance,
2 10 takes effect upon enactment.
2 11 EXPLANATION
2 12 Present law allows a city or county to provide for the
2 13 special valuation of wind energy conversion property if that
2 14 property is first assessed for taxation on or after January 1,
2 15 1994, and on or after the effective date of the ordinance
2 16 allowing for such valuation. This bill allows a county that
2 17 has enacted the ordinance prior to January 1, 1995, to include
2 18 within the ordinance wind energy conversion property that was
2 19 first assessed prior to January 1, 1994, and provides that for
2 20 purposes of the special valuation provisions such property
2 21 shall be considered to be first assessed as of January 1,
2 22 1994.
2 23 The bill takes effect upon enactment.
2 24 LSB 1130HH 76
2 25 mg/jw/5
Text: HF00176 Text: HF00178 Text: HF00100 - HF00199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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