This file contains STRIKE, UNDERSCORE, and BOLD. If you cannot see either STRIKE or UNDERSCORE attributes or would like to change how these attributes are displayed, please use the following form to make the desired changes.

House Journal: Page 572: Monday, February 27, 1995

14     The agricultural land farm tax credit fund shall
be
15   apportioned each year in the manner hereinafter
16   provided so as to give a credit against the tax on
17   each tract of agricultural lands within the several
18   school districts of the state in which the levy for
19   the general school fund exceeds five dollars and forty
20   cents per thousand dollars of assessed value; the
21   amount of such credit on each tract of such lands
22   shall be the amount the tax levied for the general
23   school fund exceeds the amount of tax which would be
24   levied on said tract of such lands were the levy for
25   the general school fund five dollars and forty cents
26   per thousand dollars of assessed value for the
27   previous year, each county equal to one dollar and
28   fifty cents per acre of agricultural land, except in
29   the case of a deficiency in the agricultural land
30   credits farm tax credit fund to pay said
the credits
31   in full, in which case the credit on each eligible
32   tract of such lands in the state shall be
33   proportionate and shall be applied as hereinafter
34   provided.
35     Sec. 34.  Section 426.6, Code 1995, is amended to
36   read as follows:
37     426.6  COMPUTATION BY AUDITOR -- APPEAL.
38     The agricultural land farm tax credit allowed each
39   year shall be computed as follows:  On or before the
40   first of June March 15 the county auditor shall list
41   by school districts all tracts of agricultural lands
42   which they are entitled to credit, together with the
43   taxable value for the previous year, together with the
44   budget from each school district for the previous
45   year, and the tax rate determined for the general fund
46   of the district in the manner prescribed in section
47   444.3 for the previous year, and if such tax rate is
48   in excess of five dollars and forty cents per thousand
49   dollars of assessed value, the auditor shall multiply
50   the tax levy which is in excess of five dollars and
Page  18
 1   forty cents per thousand dollars of assessed value by
 2   the total taxable value of the agricultural lands
 3   entitled to credit in the district, and on or before
 4   the first of June and shall certify the amount
of
 5   credit to the department of revenue and finance.
 6     In the event the county auditor denies a credit
 7   upon any such lands, the auditor shall immediately
 8   mail to the owner at the owner's last known address
 9   notice of the decision thereon.  The owner may, within
10   thirty days thereafter, appeal to the board of
11   supervisors of the county wherein the land involved is
12   situated by serving notice of said appeal upon the
13   chairperson of said the board.  The board shall hear
14   such the appeal promptly and shall determine anew
all

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/00500/00572.html
jhf