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House Journal: Page 571: Monday, February 27, 1995

13   the actual amount due upon the unpaid special
14   assessment, plus interest, payable during the fiscal
15   year for which the claim is filed against the
16   homestead of the claimant.  However, where the
17   claimant is an individual described in section 425.17,
18   subsection 2, paragraph "b", and the tentative credit
19   is determined according to the schedule in section
20   425.23, subsection 1, paragraph "b", subparagraph (2),
21   the claim filed constitutes a claim for credit of an
22   amount equal to one-half of the actual amount due and
23   payable during the fiscal year.  The department of
24   revenue and finance shall, upon the filing of the
25   claim with the department by the treasurer, pay that
26   amount of the unpaid special assessment during the
27   current fiscal year to the treasurer.  The treasurer
28   shall submit the claims to the director of revenue and
29   finance not later than October 15 of each year.  The
30   director of revenue and finance shall certify the
31   amount of reimbursement due each county for unpaid
32   special assessment credits allowed under this
33   subsection.  The amount of reimbursement due each
34   county shall be paid by the director of revenue and
35   finance on October 20 of each year, drawn upon
36   warrants payable to the respective treasurer.  There
37   is appropriated annually from the general fund of the
38   state to the department of revenue and finance an
39   amount sufficient to carry out the provisions of this
40   subsection.  The treasurer shall credit any moneys
41   received from the department against the amount of the
42   unpaid special assessment due and payable on the
43   homestead of the claimant.
44     Sec. 31.  Section 425.39, subsection 2, Code 1995,
45   is amended by striking the subsection.
46     Sec. 32.  Section 426.1, Code 1995, is amended to
47   read as follows:
48     426.1  AGRICULTURAL LAND FARM TAX CREDIT FUND.
49     There is created as a permanent fund in the office
50   of the treasurer of state a fund to be known as the
Page  17
 1   agricultural land farm tax credit fund, and for the
 2   purpose of establishing and maintaining this fund for
 3   each fiscal year there is appropriated thereto from
 4   funds in the general fund of the state not otherwise
 5   appropriated the sum of thirty-nine forty-nine
million
 6   one three hundred thousand dollars of which the
first
 7   ten million dollars shall be transferred to and
 8   deposited into the family farm tax credit fund created
 9   in section 425A.1.  Any balance in said the
fund on
10   June 30 shall revert to the general fund of the state.
11     Sec. 33.  Section 426.3, Code 1995, is amended to
12   read as follows:
13     426.3  WHERE AMOUNT OF CREDIT GIVEN.

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.

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URL: /DOCS/GA/76GA/Session.1/HJournal/00500/00571.html
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