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House Journal: Page 566: Monday, February 27, 1995

 8   section 445.57.
 9     3.  If an amount appropriated in section 427B.19B
10   for a fiscal year is insufficient to pay all claims
11   according to the replacement schedule in section
12   427B.19, the director shall prorate the disbursements
13   from the fund to the county treasurers and shall
14   notify the county auditors of the pro rata percentage
15   on or before August 1.  If an amount appropriated in
16   section 427B.19B for a fiscal year is in excess of the
17   amount necessary to pay all claims according to the
18   replacement schedule in section 427B.19, the director
19   shall prorate the disbursements from the fund to the
20   county treasurers, notwithstanding the amount
21   calculated pursuant to section 427B.19, and shall
22   notify the county auditors of the pro rata percentage
23   on or before August 1.
24     4.  The replacement amount paid to each school
25   district shall be regarded as property tax for the
26   purposes of the school foundation property tax levy in
27   section 257.3 and the additional property tax levy in
28   section 257.4.  The department of management shall
29   annually make the adjustments necessary to implement
30   this subsection.
31     Sec. 20.  NEW SECTION.  427B.19B  APPROPRIATION.
32     There is appropriated in each of the following
33   fiscal years from the general fund of the state to the
34   industrial machinery, equipment and computers property
35   tax replacement fund the following amounts:
36     1.  For the fiscal year beginning July 1, 1996, ten
37   million dollars.
38     2.  For the fiscal year beginning July 1, 1997,
39   seventeen million dollars.
40     3.  For the fiscal year beginning July 1, 1998,
41   twenty-three million dollars.
42     4.  For the fiscal year beginning July 1, 1999,
43   twenty-three million, four hundred thousand dollars.
44     5.  For the fiscal year beginning July 1, 2000,
45   twenty-one million, one hundred thousand dollars.
46     6.  For the fiscal year beginning July 1, 2001,
47   eighteen million, one hundred thousand dollars.
48     7.  For the fiscal year beginning July 1, 2002,
49   twenty-four million dollars.
50     8.  For the fiscal year beginning July 1, 2003,
Page  12
 1   twenty-five million, six hundred thousand dollars.
 2     9.  For the fiscal year beginning July 1, 2004,
 3   twenty million, four hundred thousand dollars.
 4     10.  For the fiscal year beginning July 1, 2005,
 5   fourteen million, five hundred thousand dollars.
 6     Sec. 21.  NEW SECTION.  427B.19C  PHASEOUT OF TAX.
 7     Effective on July 1, 2002, all property taxes on
 8   property defined in section 427A.1, subsection 1,

Iowa General Assembly

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

© 1995 Cornell College and League of Women Voters of Iowa

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