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House Journal: Page 919: Wednesday, March 22, 1995

25   machinery, equipment and computers tax replacement
26   claim for that county determined pursuant to section
27   427B.18, subsection 2:
28     1.  For the fiscal year beginning July 1, 1996,
29   ninety percent.
30     2.  For the fiscal year beginning July 1, 1997,
31   seventy-five percent.
32     3.  For the fiscal year beginning July 1, 1998,
33   sixty percent.
34     4.  For the fiscal year beginning July 1, 1999,
35   forty-five percent.
36     5.  For the fiscal year beginning July 1, 2000,
37   thirty percent.
38     6.  For the fiscal year beginning July 1, 2001,
39   twenty percent.
40     7.  For the fiscal year beginning July 1, 2002,
41   twenty percent.
42     8.  For the fiscal year beginning July 1, 2003,
43   twenty percent.
44     9.  For the fiscal year beginning July 1, 2004,
45   fifteen percent.
46     10.  For the fiscal year beginning July 1, 2005,
47   ten percent.
48     Sec. ___.  NEW SECTION.  427B.19A  FUND CREATED.
49     1.  The industrial machinery, equipment and
50   computers property tax replacement fund is created.

Page   8

 1   There is appropriated annually from the general fund
 2   of the state to the department of revenue and finance
 3   to be credited to the industrial machinery, equipment
 4   and computers property tax replacement fund, the
 5   amounts specified in section 427B.19B.
 6     2.  Each county treasurer shall be paid from the
 7   fund created in this section the amount calculated
 8   pursuant to section 427B.19.  The payment shall be
 9   made in two equal installments on or before September
10   30 and March 30 of each year.  The county treasurer
11   shall apportion the payment in the manner provided in
12   section 445.57.
13     3.  If an amount appropriated in section 427B.19B
14   for a fiscal year is insufficient to pay all claims
15   according to the replacement schedule in section
16   427B.19, the director shall prorate the disbursements
17   from the fund to the county treasurers and shall
18   notify the county auditors of the pro rata percentage
19   on or before August 1.  If an amount appropriated in
20   section 427B.19B for a fiscal year is in excess of the
21   amount necessary to pay all claims according to the
22   replacement schedule in section 427B.19, the director
23   shall prorate the disbursements from the fund to the
24   county treasurers, notwithstanding the amount
25   calculated pursuant to section 427B.19, and shall

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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URL: /DOCS/GA/76GA/Session.1/HJournal/00900/00919.html
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