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House Journal: Page 567: Monday, February 27, 1995

 9   paragraphs "e" and "j", are repealed.  For assessment
10   years beginning on or after January 1, 2005, such
11   property shall not be listed or assessed.  This
12   section shall prevail over all inconsistent statutes.
13     Sec. 22.  NEW SECTION.  427B.19D  GUARANTEE OF
14   STATE REPLACEMENT FUNDS.
15     If for any reason an appropriation specified in
16   section 427B.19 is not made or the appropriation made
17   is less than that specified in section 427B.19 for the
18   applicable fiscal year, the director of the department
19   of management shall compute the difference between the
20   amount specified in section 427B.19B and the amount
21   actually appropriated or zero if no appropriation is
22   made.  The department shall divide that difference by
23   the consolidated tax levy rate to determine the amount
24   of taxable value necessary to raise the difference at
25   that tax rate.  The department shall compute an
26   adjustment factor as a percentage of net acquisition
27   cost which will yield such taxable value.  The
28   director of revenue and finance shall review and
29   certify such adjustment factor to the county auditor.
30   The auditor shall apply such adjustment factor to all
31   taxable property described in section 427B.17 for the
32   assessment year beginning January 1 preceding the
33   fiscal year for which the specified appropriation was
34   not made.  Property taxes generated by the adjustment
35   factor in this section shall not be considered
36   property tax dollars certified for purposes of the
37   property tax limitation in chapter 444.
38	DIVISION IV
39	PROPERTY TAX CREDITS
40     Sec. 23.  Section 8.59, Code 1995, is amended to
41   read as follows:
42     8.59  APPROPRIATIONS FREEZE.
43     Notwithstanding contrary provisions of the Code,
44   the amounts appropriated under the applicable sections
45   of the Code for fiscal years commencing on or after
46   July 1, 1993, are limited to those amounts expended
47   under those sections for the fiscal year commencing
48   July 1, 1992.  If an applicable section appropriates
49   moneys to be distributed to different recipients and
50   the operation of this section reduces the total amount
Page  13
 1   to be distributed under the applicable section, the
 2   moneys shall be prorated among the recipients.  As
 3   used in this section, "applicable sections" means the
 4   following sections:  53.50, 229.35, 230.8, 230.11,
 5   405A.8, 411.20, 425.1, 425.39, 426A.1, 663.44, and
 6   822.5.
 7     Sec. 24.  Section 405A.8, subsection 1, Code 1995,
 8   is amended to read as follows:
 9     1.  There are appropriated from the general fund of

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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