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House Journal: Page 565: Monday, February 27, 1995

 7     b.  The tax levy rate for each taxing district
 8   levied against assessments made as of January 1 of the
 9   previous year.
10     c.  The industrial machinery, equipment and
11   computers tax replacement claim for each taxing
12   district, which is equal to the amount determined
13   pursuant to paragraph "a", multiplied by the tax rate
14   specified in paragraph "b".
15     3.  The county auditor shall certify and forward
16   one copy of the statement to the department of revenue
17   and finance not later than July 1 of each year.
18     Sec. 18.  NEW SECTION.  427B.19  REPLACEMENT.
19     Each county treasurer shall be paid an amount equal
20   to the following percentages of the industrial
21   machinery, equipment and computers tax replacement
22   claim for that county determined pursuant to section
23   427B.18, subsection 2:
24     1.  For the fiscal year beginning July 1, 1996,
25   ninety percent.
26     2.  For the fiscal year beginning July 1, 1997,
27   seventy-five percent.
28     3.  For the fiscal year beginning July 1, 1998,
29   sixty percent.
30     4.  For the fiscal year beginning July 1, 1999,
31   forty-five percent.
32     5.  For the fiscal year beginning July 1, 2000,
33   thirty percent.
34     6.  For the fiscal year beginning July 1, 2001,
35   twenty percent.
36     7.  For the fiscal year beginning July 1, 2002,
37   twenty percent.
38     8.  For the fiscal year beginning July 1, 2003,
39   twenty percent.
40     9.  For the fiscal year beginning July 1, 2004,
41   fifteen percent.
42     10.  For the fiscal year beginning July 1, 2005,
43   ten percent.
44     Sec. 19.  NEW SECTION.  427B.19A  FUND CREATED.
45     1.  The industrial machinery, equipment and
46   computers property tax replacement fund is created.
47   There is appropriated annually from the general fund
48   of the state to the department of revenue and finance
49   to be credited to the industrial machinery, equipment
50   and computers property tax replacement fund, the
Page  11
 1   amounts specified in section 427B.19B.
 2     2.  Each county treasurer shall be paid from the
 3   fund created in this section the amount calculated
 4   pursuant to section 427B.19.  The payment shall be
 5   made in two equal installments on or before September
 6   30 and March 30 of each year.  The county treasurer
 7   shall apportion the payment in the manner provided in

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 1)

© 1995 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Sun Jan 14 21:05:02 CST 1996
URL: /DOCS/GA/76GA/Session.1/HJournal/00500/00565.html
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