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House Journal: Page 2008: Thursday, April 27, 1995

Page 17
 1     a.  General county services under section 331.422,
 2   subsection 1.
 3     b.  Rural county services under section 331.422,
 4   subsection 2.
 5     c.  Other taxes under section 331.422, subsection
 6   4.
 7     Sec. 27.  NEW SECTION.  444.25B  PROPERTY TAX
 8   LIMITATION FOR FISCAL YEAR 1998.
 9     1.  COUNTY LIMITATION.  The maximum amount of
10   property tax dollars which may be certified by a
11   county for taxes payable in the fiscal year beginning
12   July 1, 1997, shall not exceed the amount of property
13   tax dollars certified by the county for taxes payable
14   in the fiscal year beginning July 1, 1996, minus the
15   amount by which the property tax relief moneys to be
16   received by the county in the fiscal year beginning
17   July 1, 1997, pursuant to section 426B.2, subsections
18   1 and 3, exceeds the amount of the property tax relief
19   moneys received in the fiscal year beginning July 1,
20   1996, for each of the levies for the following, except
21   for the levies on the increase in taxable valuation
22   due to new construction, additions or improvements to
23   existing structures, remodeling of existing structures
24   for which a building permit is required, annexation,
25   and phasing out of tax exemptions, and on the increase
26   in valuation of taxable property as a result of a
27   comprehensive revaluation by a private appraiser under
28   a contract entered into prior to January 1, 1992, or
29   as a result of a comprehensive revaluation directed or
30   authorized by the conference board prior to January 1,
31   1992, with documentation of the contract,
32   authorization, or directive on the revaluation
33   provided to the director of revenue and finance, if
34   the levies are equal to or less than the levies for
35   the previous year, levies on that portion of the
36   taxable property located in an urban renewal project
37   the tax revenues from which are no longer divided as
38   provided in section 403.19, subsection 2, or as
39   otherwise provided in this section:
40     a.  General county services under section 331.422,
41   subsection 1.
42     b.  Rural county services under section 331.422,
43   subsection 2.
44     c.  Other taxes under section 331.422, subsection
45   4.
46     2.  EXCEPTIONS.  The limitations provided in
47   subsection 1 do not apply to the levies made for the
48   following:
49     a.  Debt service to be deposited into the debt
50   service fund pursuant to section 331.430.

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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