Text: HF00277 Text: HF00279 Text: HF00200 - HF00299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 427.1, subsection 32, unnumbered
1 2 paragraph 8, Code 1995, is amended to read as follows:
1 3 For the purposes of this subsection "pollution-control
1 4 property" means personal property or improvements to real
1 5 property, or any portion thereof, used primarily to control or
1 6 abate pollution of any air or water of this state or used
1 7 primarily to enhance the quality of any air or water of this
1 8 state and "recycling property" means personal property or
1 9 improvements to real property or any portion of the property,
1 10 used primarily in the manufacturing process and resulting
1 11 directly in the conversion of glass, wood, waste plastic,
1 12 wastepaper products, or waste paperboard, into new raw
1 13 materials or products composed primarily of recycled material.
1 14 In the event such property shall also serve other purposes or
1 15 uses of productive benefit to the owner of the property, only
1 16 such portion of the assessed valuation thereof as may
1 17 reasonably be calculated to be necessary for and devoted to
1 18 the control or abatement of pollution, to the enhancement of
1 19 the quality of the air or water of this state, or for
1 20 recycling shall be exempt from taxation under this subsection.
1 21 EXPLANATION
1 22 This bill extends the property tax exemption for recycling
1 23 property to property used in the conversion of glass and wood
1 24 into new raw materials or products composed primarily of
1 25 recycled material.
1 26 LSB 1677HH 76
1 27 sc/sc/14
Text: HF00277 Text: HF00279 Text: HF00200 - HF00299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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