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House Journal: Page 602: Monday, February 27, 1995

Amendment H-3196 was adopted.
Halvorson of Clayton offered the following amendment H-3199, to
the committee amendment H-3030, filed by him and moved its
adoption:
H-3199
 1     Amend the amendment, H-3030, to Senate File 69, as
 2   passed by the Senate, as follows:
 3     1.  Page 11, by striking lines 36 and 37 and
 4   inserting the following:
 5     "1.  For the fiscal year beginning July 1, 1996,
 6   eight million, one hundred thousand dollars."
 7     2.  Page 11, by striking line 39 and inserting the
 8   following:  "fifteen million, two hundred thousand
 9   dollars."
10     3.  Page 11, by striking line 41 and inserting the
11   following:  "twenty-one million, one hundred thousand
12   dollars."
13     4.  Page 12, by inserting before line 38 the
14   following:
15     "Sec. ___.  NEW SECTION.  427B.19E  INDUSTRIAL
16   MACHINERY, EQUIPMENT AND COMPUTERS RELIEF FUND.
17     1.  The industrial machinery, equipment and
18   computers relief fund is created.  There is
19   appropriated annually from the general fund of the
20   state to the department of revenue and finance to be
21   credited to the relief fund, the following amounts:
22     a.  For the fiscal year beginning July 1, 1996, one
23   million, nine hundred thousand dollars.
24     b.  For the fiscal year beginning July 1, 1997, one
25   million, eight hundred thousand dollars.
26     c.  For the fiscal year beginning July 1, 1998, one
27   million, nine hundred thousand dollars.
28     Moneys in the fund at the end of a fiscal year
29   shall not revert to the general fund of the state,
30   notwithstanding section 8.33.
31     2.  a.  The purpose of the industrial machinery,
32   equipment and computers relief fund is to provide
33   funds to those taxing districts in which an increase
34   in property tax revenue has not been realized as a
35   result of the elimination of the property tax on
36   property assessed pursuant to section 427B.17.
37   Beginning with the fiscal year beginning July 1, 1996,
38   a taxing district may apply for funds under this
39   section by filing an application with the director of
40   the department of management not later than March 1
41   preceding the fiscal year in which the funds will be
42   distributed.  The state appeal board shall approve,
43   disapprove, or reduce the amount of funds requested by
44   the taxing district.
45     b.  On forms provided by the department of

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