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Text: S03349                            Text: S03351
Text: S03300 - S03399                   Text: S Index
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Senate Amendment 3350

Amendment Text

PAG LIN
  1  1    Amend Senate File 466 as follows:
  1  2    #1.  Page 17, by inserting after line 31 the
  1  3 following:
  1  4    "Sec. 65.  Section 425.1, subsection 2, Code 1995,
  1  5 is amended to read as follows:
  1  6    2.  The homestead credit fund shall be apportioned
  1  7 each year so as to give a credit against the tax on
  1  8 each eligible homestead in the state with an assessed
  1  9 valuation of less than one hundred thousand dollars in
  1 10 an amount equal to the actual levy on the first four
  1 11 thousand eight hundred fifty dollars of actual value
  1 12 for each homestead.
  1 13    Sec. 66.  Section 425.11, Code 1995, is amended by
  1 14 adding the following new subsection:
  1 15    NEW SUBSECTION.  1A.  "Eligible homestead" means a
  1 16 homestead with an assessed valuation of less than one
  1 17 hundred thousand dollars."
  1 18    #2.  Page 23, line 29, by inserting after the
  1 19 figure "1995" the following:  "and the provisions of
  1 20 sections 65 and 66, relating to the homestead credit,
  1 21 are applicable to property taxes payable in the fiscal
  1 22 year beginning July 1, 1995".  
  1 23 
  1 24 
  1 25                              
  1 26 JIM LIND
  1 27 SF 466.509 76
  1 28 mg/jw
     

Text: S03349                            Text: S03351
Text: S03300 - S03399                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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