Text: HSB00276 Text: HSB00278 Text: HSB00200 - HSB00299 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 404.2, subsection 2, Code 1995, is 1 2 amended by adding the following new paragraph: 1 3 NEW PARAGRAPH. k. A county or school district in which is 1 4 located all or a portion of an urban revitalization area 1 5 designated by a city may choose not to allow an exemption for 1 6 that portion of the taxes payable to the county or school 1 7 district or may choose to allow an exemption under the 1 8 schedule set out in section 404.3, subsection 1, 2, 3, or 4. 1 9 A school district in which is located all or a portion of an 1 10 urban revitalization area designated by a county may choose 1 11 not to allow an exemption for that portion of the taxes 1 12 payable to the school district or may choose to allow an 1 13 exemption under the schedule set out in section 404.3, 1 14 subsection 1, 2, 3, or 4. A schedule chosen by a county or 1 15 school district shall not allow a greater exemption, but may 1 16 allow a smaller exemption than allowed in the schedule 1 17 specified in the corresponding subsection of section 404.3. 1 18 Sec. 2. APPLICABILITY. This Act applies to applications 1 19 for exemption filed on or after January 1, 1996. 1 20 EXPLANATION 1 21 The bill provides that, in the case of an urban 1 22 revitalization area designated by a city, a school district or 1 23 county may choose to allow no exemption from taxation or may 1 24 allow a smaller exemption under a schedule other than that 1 25 chosen by the city. In the case of a revitalization area 1 26 designated by a county, a school district may choose to allow 1 27 no exemption or may allow a smaller exemption under a schedule 1 28 other than that chosen by the county. 1 29 The bill applies to applications for property tax exemption 1 30 filed on or after January 1, 1996. 1 31 LSB 2401HC 76 1 32 sc/jj/8
Text: HSB00276 Text: HSB00278 Text: HSB00200 - HSB00299 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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