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House Journal: Page 568: Monday, February 27, 1995

10   the state to the department of revenue and finance the
11   following sums to carry out the provisions of this
12   chapter:  For the fiscal year beginning July 1, 1988,
13   and each subsequent fiscal year ending before July 1,
14   1995, sixty-seven million seven hundred thirty-seven
15   thousand dollars.  For the fiscal year beginning July
16   1, 1995, and each subsequent fiscal year, sixty-five
17   million one hundred thousand dollars.
18     Sec. 25.  Section 422.65, Code 1995, is amended by
19   striking the section and inserting in lieu thereof the
20   following:
21     422.65  DEPOSIT OF REVENUE.
22     All moneys received from the franchise tax on or
23   after July 1, 1995, shall be deposited into the
24   general fund of the state.
25     Sec. 26.  Section 425.1, subsection 1, Code 1995,
26   is amended to read as follows:
27     1.  A homestead credit fund is created.  There is
28   appropriated annually from the general fund of the
29   state to the department of revenue and finance to be
30   credited to the homestead credit fund, an amount
31   sufficient to implement this chapter the sum of
32   ninety-three million eight hundred thousand dollars.
33     The director of revenue and finance shall issue
34   warrants on the homestead credit fund payable to the
35   county treasurers of the several counties of the state
36   under this chapter.
37     If the amount in the fund is insufficient to pay
38   all claims in full, the director shall prorate the
39   amounts paid to the county treasurers based upon the
40   amount of certified claims submitted by each.
41     Sec. 27.  Section 425.17, subsections 2 and 8, Code
42   1995, are amended to read as follows:
43     2.  "Claimant" means either of the following:
44     a.  A a person filing a claim for credit or
45   reimbursement under this division who has attained the
46   age of sixty-five years on or before December 31 of
47   the base year, who is a surviving spouse having
48   attained the age of fifty-five years on or before
49   December 31, 1988, or who is totally disabled and was
50   totally disabled on or before December 31 of the base
Page  14
 1   year, and was domiciled in this state during the
 2   entire base year, and is domiciled in this state at
 3   the time the claim is filed or at the time of the
 4   person's death in the case of a claim filed by the
 5   executor or administrator of the claimant's estate.
 6     b.  A person filing a claim for credit or
 7   reimbursement under this division who has attained the
 8   age of twenty-three years on or before December 31 of
 9   the base year or was a head of household on December
10   31 of the base year, as defined in the Internal

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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URL: /DOCS/GA/76GA/Session.1/HJournal/00500/00568.html
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