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House Journal: Page 628: Tuesday, February 28, 1995

37   disabilities property tax relief fund for the
38   indicated fiscal years from the general fund of the
39   state the following amounts:
40     a.  For the fiscal year beginning July 1, 1995,
41   sixteen million dollars of which ten million dollars
42   is allocated to counties for property tax relief in
43   accordance with subsection 2 and six million dollars
44   is allocated to counties as the adjustment factor
45   pursuant to subsection 5.
46     b.  For the fiscal year beginning July 1, 1996,
47   thirty million dollars.
48     c.  For the fiscal year beginning July 1, 1997,
49   forty-seven million dollars.
50     d.  For the fiscal year beginning July 1, 1998,
Page   8
 1   sixty-four million dollars.
 2     e.  For the fiscal year beginning July 1, 1999, and
 3   succeeding fiscal years, eighty-one million dollars.
 4     2.  In each fiscal year, a county shall receive for
 5   property tax relief the county's proportion of the
 6   moneys in the relief fund allocated for property tax
 7   relief.  A county's proportion of the moneys shall be
 8   equivalent to the sum of the following three factors:
 9     a.  One-third based upon the county's proportion of
10   the state's general population.
11     b.  One-third based upon the county's proportion of
12   the state's total taxable property valuation assessed
13   for taxes payable in the previous fiscal year.
14     c.  One-third based upon the county's proportion of
15   all counties' base year expenditures, as defined in
16   section 331.438.
17     3.  The department of human services shall notify
18   the department of revenue and finance of the amount
19   due each county and the director of revenue and
20   finance shall draw warrants on the relief fund,
21   payable quarterly to the county treasurer in the
22   amount due a county in accordance with subsection 2,
23   and mail the warrants to county auditors by September
24   1, December 1, March 1, and June 1 of each year.
25     4.  Before June 1, 1995, the director of human
26   services shall notify the county auditor of each
27   county of the amount of moneys the county will receive
28   from the relief fund for property tax relief pursuant
29   to subsection 2 in the succeeding fiscal year.  For
30   the fiscal year beginning July 1, 1995, the department
31   of management shall reduce the amount of the county's
32   certified budget to be raised by property tax, for
33   that fiscal year by an amount equal to the amount the
34   county will receive from the relief fund for property
35   tax relief pursuant to subsection 2 and the department
36   of management shall determine the rate of taxation
37   necessary to raise the reduced amount.  For subsequent

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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