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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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