Text: SF00058 Text: SF00060 Text: SF00000 - SF00099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 444.1, Code 1995, is amended by adding
1 2 the following new unnumbered paragraph:
1 3 NEW UNNUMBERED PARAGRAPH. Notwithstanding any other
1 4 provision, all taxing districts in the state authorized to
1 5 certify or levy a tax on real property shall, for each fiscal
1 6 year, certify to the county auditor or board of supervisors
1 7 the percentage of the budget for which the tax will be levied
1 8 against the assessed valuation of land subject to tax and the
1 9 percentage of the budget that will be levied against the
1 10 assessed valuation of the taxable real property other than
1 11 land. If a taxing district has a limit on the rate of the
1 12 levy, that limit shall only mean that the total amount of
1 13 property tax revenues that the taxing district may collect
1 14 from all taxable real property equals the product of that levy
1 15 rate limit times the total assessed value of all taxable real
1 16 property.
1 17 Sec. 2. This Act applies to property taxes levied for
1 18 fiscal years beginning on or after July 1, 1995, which are due
1 19 and payable during fiscal years beginning on or after July 1,
1 20 1996.
1 21 EXPLANATION
1 22 This bill allows a taxing district to set the percentage of
1 23 its budget, for which a real property tax levy is authorized,
1 24 that is to be collected from the tax on the land and the
1 25 percentage of its budget that is to be collected from the tax
1 26 on all other taxable real property other than land. The bill
1 27 also provides that if the taxing district has a levy limit,
1 28 this levy limit only means that the total amount of property
1 29 tax revenues that may be collected equals the product of the
1 30 levy limit times the total assessed valuation of all taxable
1 31 real property.
1 32 The bill applies to property taxes levied for fiscal years
1 33 beginning on or after July 1, 1995, which are due and payable
1 34 during fiscal years beginning on or after July 1, 1996.
1 35 LSB 1347SS 76
2 1 mg/sc/14
Text: SF00058 Text: SF00060 Text: SF00000 - SF00099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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