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House Journal: Page 588: Monday, February 27, 1995

30   specified in subsection 1, as may be adjusted pursuant
31   to subsection 3.
32     Sec. 55.  NEW SECTION.  444.25C  PROPERTY TAX
33   LIMITATIONS FOR 2000 AND 2001 FISCAL YEARS.
34     1.  COUNTY LIMITATION.  The maximum amount of
35   property tax dollars which may be certified by a
36   county for taxes payable in the fiscal year beginning
37   July 1, 1999, shall not exceed the amount of property
38   tax dollars certified by the county for taxes payable
39   in the fiscal year beginning July 1, 1998, minus the
40   difference between the amount of the property tax
41   relief payment received by the county in the fiscal
42   year beginning July 1, 1998, and the amount of the
43   property tax relief payment to be received by the
44   county in the fiscal year beginning July 1, 1999,
45   pursuant to section 331.438A, subsection 2, and the
46   maximum amount of property tax dollars which may be
47   certified by a county for taxes payable in the fiscal
48   year beginning July 1, 2000, shall not exceed the
49   amount of property tax dollars certified by the county
50   for taxes payable in the fiscal year beginning July 1,
Page  34
 1   1999, minus the difference between the amount of the
 2   property tax relief payment received by the county in
 3   the fiscal year beginning July 1, 1999, and the amount
 4   of the property tax relief payment to be received by
 5   the county in the fiscal year beginning July 1, 2000,
 6   pursuant to section 331.438A, subsection 2, for each
 7   of the levies for the following, except for the levies
 8   on the increase in taxable valuation due to new
 9   construction, additions or improvements to existing
10   structures, remodeling of existing structures for
11   which a building permit is required, annexation, and
12   phasing out of tax exemptions, and on the increase in
13   valuation of taxable property as a result of a
14   comprehensive revaluation by a private appraiser under
15   a contract entered into prior to January 1, 1992, or
16   as a result of a comprehensive revaluation directed or
17   authorized by the conference board prior to January 1,
18   1992, with documentation of the contract,
19   authorization, or directive on the revaluation
20   provided to the director of revenue and finance, if
21   the levies are equal to or less than the levies for
22   the previous year, levies on that portion of the
23   taxable property located in an urban renewal project
24   the tax revenues from which are no longer divided as
25   provided in section 403.19, subsection 2, or as
26   otherwise provided in this section:
27     a.  General county services under section 331.422,
28   subsection 1.
29     b.  Rural county services under section 331.422,
30   subsection 2.

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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