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House Journal: Page 601: Monday, February 27, 1995

Amendment H-3121 was adopted.
Halvorson of Clayton offered the following amendment H-3196, to
the committee amendment H-3030, filed by him and moved its
adoption:
H-3196
 1     Amend the amendment, H-3030, to Senate File 69, as
 2   passed by the Senate, as follows:
 3     1.  Page 9, line 14, by striking the word "after"
 4   and inserting the following:  "following".
 5     2.  Page 9, by striking lines 33 through 36 and
 6   inserting the following:  "for the applicable
 7   assessment year.  If the certificates issued, or other
 8   funding obligations incurred, between January 1, 1982,
 9   and June 30, 1995, are refinanced or refunded after
10   June 30, 1995, the valuation of such property shall
11   then be the valuation specified in subsection 1 for
12   the applicable assessment year beginning with the
13   assessment year following the calendar year in which
14   those certificates or other funding obligations are
15   refinanced or refunded after June 30, 1995."
16     3.  Page 12, by striking lines 15 through 37 and
17   inserting the following:
18     "If for any reason an appropriation specified in
19   section 427B.19B is not made or the appropriation made
20   is less than that specified in section 427B.19B for
21   the applicable fiscal year, the director of revenue
22   and finance shall compute for each county the
23   difference between the total of all replacement claims
24   for taxing districts within the county and the amount
25   paid to the county treasurer for disbursement to the
26   taxing districts in the county.  The department shall
27   divide that difference by the consolidated tax levy
28   rate in each county computed for the fiscal year in
29   which the specified appropriation should have been
30   made and shall certify the amount of taxable value
31   necessary to raise the difference at that tax rate.
32   The department shall notify the local assessor of such
33   amount of taxable value.  The assessor, for the
34   assessment year beginning January 1 preceding the
35   fiscal year for which the specified appropriation was
36   not made, shall reassess all taxable property
37   described in section 427B.17 in the county at a
38   percentage of net acquisition cost which will yield
39   such taxable value and the property shall be assessed
40   and taxed in such manner for taxes due and payable in
41   the following fiscal year in addition to being
42   assessed and taxed in the applicable manner under
43   section 427B.17.  Property tax dollar amounts
44   certified pursuant to this section shall not be
45   considered property tax dollars certified for purposes
46   of the property tax limitation in chapter 444."

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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Last update: Sun Jan 14 21:05:02 CST 1996
URL: /DOCS/GA/76GA/Session.1/HJournal/00600/00601.html
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