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House Journal: Page 603: Monday, February 27, 1995

46   management, the taxing district shall request an
47   amount not exceeding the product of the decrease in
48   assessed valuation for the fiscal year for which the
49   application is filed compared to the assessed
50   valuation in the previous fiscal year, as determined
Page 2  
 1   pursuant to subsection 3, and the property tax rate
 2   applied in the previous fiscal year, less any property
 3   tax replacement funds received pursuant to section
 4   427B.19A in the previous fiscal year.  The taxing
 5   district shall also submit with the application the
 6   district's plan to improve its future budget position.
 7     c.  Claims approved by the state appeal board shall
 8   be paid to the taxing district by October 1 following
 9   submission of the application for funds.
10     3.  To be eligible to receive funds under this
11   section, a taxing district must show that there has
12   been a decrease of more than three percent in the
13   assessed valuation for taxes payable in the fiscal
14   year for which the application is submitted compared
15   to the assessed valuation for taxes payable in the
16   previous fiscal year, which decrease is attributable
17   to the elimination of the property tax on industrial
18   machinery, equipment and computers pursuant to section
19   427B.17.  The taxing district, to be eligible for
20   funds, must also show that the district has exhausted
21   all other lawful alternatives for improving the
22   district's budget position.
23     4.  If the amount appropriated in this section is
24   insufficient to pay all applications approved, the
25   director of revenue and finance shall prorate the
26   disbursements from the relief fund and shall report
27   the amount of the shortfall to the director of the
28   department of management.  By January 1 of the
29   following year, the director of the department of
30   management shall submit to the general assembly a plan
31   for the funding of approved applications that were not
32   fully funded in that fiscal year.
33     5.  Amounts received pursuant to this section shall
34   not be considered property tax dollars certified for
35   purposes of the property tax limitation in chapter
36   444.
37     6.  The department of revenue and finance and the
38   department of management shall adopt rules necessary
39   to implement this section."
40     5.  By renumbering as necessary.
Amendment H-3199 was adopted.
Weigel of Chickasaw offered the following amendment H-3209, to
the committee amendment H-3030, filed by Weigel, et. al., and
moved its adoption:

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/00600/00603.html
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