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House Journal: Page 2007: Thursday, April 27, 1995

Page 16
 1   findings and recommendations on or before January 4,
 2   1996.
 3     Sec. 25.  EFFECTIVE DATE.  Section 21 of this
 4   division of this Act, relating to property tax relief
 5   for fiscal year 1995-1996, being deemed of immediate
 6   importance, takes effect upon enactment.
 7             DIVISION IV
 8             COUNTY PROPERTY TAX LIMITATION
 9     Sec. 26.  Section 444.25A, subsection 1, Code 1995,
10   is amended to read as follows:
11     1.  COUNTY LIMITATION.  The maximum amount of
12   property tax dollars which may be certified by a
13   county for taxes payable in the fiscal year beginning
14   July 1, 1995, shall not exceed the amount of property
15   tax dollars certified by the county for taxes payable
16   in the fiscal year beginning July 1, 1994, minus the
17   amount of property tax relief moneys to be received by
18   the county for the fiscal year beginning July 1, 1995,
19   pursuant to section 426B.2, subsection 1, and the
20   maximum amount of property tax dollars which may be
21   certified by a county for taxes payable in the fiscal
22   year beginning July 1, 1996, shall not exceed the
23   amount of property tax dollars certified by the county
24   for taxes payable in the fiscal year beginning July 1,
25   1995, minus the amount by which the property tax
26   relief moneys to be received by the county in the
27   fiscal year beginning July 1, 1996, pursuant to
28   section 426B.2, subsections 1 and 3, exceeds the
29   amount of the property tax relief moneys received in
30   the fiscal year beginning July 1, 1995, for each of
31   the levies for the following, except for the levies on
32   the increase in taxable valuation due to new
33   construction, additions or improvements to existing
34   structures, remodeling of existing structures for
35   which a building permit is required, annexation, and
36   phasing out of tax exemptions, and on the increase in
37   valuation of taxable property as a result of a
38   comprehensive revaluation by a private appraiser under
39   a contract entered into prior to January 1, 1992, or
40   as a result of a comprehensive revaluation directed or
41   authorized by the conference board prior to January 1,
42   1992, with documentation of the contract,
43   authorization, or directive on the revaluation
44   provided to the director of revenue and finance, if
45   the levies are equal to or less than the levies for
46   the previous year, levies on that portion of the
47   taxable property located in an urban renewal project
48   the tax revenues from which are no longer divided as
49   provided in section 403.19, subsection 2, or as
50   otherwise provided in this section:

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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Last update: Sun Jan 14 21:05:02 CST 1996
URL: /DOCS/GA/76GA/Session.1/HJournal/02000/02007.html
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