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Page 26 1 of the property tax limitation in chapter 444. 2 Sec. 34. Section 257.3, subsection 1, Code 1995, 3 is amended by adding the following new unnumbered 4 paragraph: 5 NEW UNNUMBERED PARAGRAPH. The amount paid to each 6 school district for the tax replacement claim for 7 industrial machinery, equipment and computers under 8 section 427B.19A shall be regarded as property tax. 9 The portion of the payment which is foundation 10 property tax shall be determined by applying the 11 foundation property tax rate to the amount computed 12 under section 427B.19, subsection 3, paragraph "a", as 13 adjusted by paragraph "d", if any adjustment was made. 14 DIVISION VI 15 FISCAL YEAR 1996 PAYMENT 16 Sec. 35. FISCAL YEAR 1996 RELIEF FUND PAYMENT. 17 Notwithstanding 1995 Iowa Acts, House File 132, 18 section 13, the appropriation in that section shall 19 not be made from the general fund of the state but 20 shall be made from the property tax relief fund 21 created in section 426B.1, as enacted by this Act. 22 Notwithstanding section 426B.2, subsection 2, as 23 enacted by this Act, for the fiscal year beginning 24 July 1, 1995, the amount of moneys distributed under 25 that subsection shall be $54.4 million." 26 2. Title page, by striking lines 1 through 4 and 27 inserting the following: "An Act relating to tax 28 provisions involving state income tax, certain county 29 property tax and services associated with mental 30 health and developmental disabilities services, the 31 county property tax limitation, and property tax on 32 industrial machinery, equipment and computers, 33 providing appropriations, and providing effective and 34 applicability dates."" The motion prevailed and the House concurred in the Senate amendment H-4121, to the House amendment. Halvorson of Clayton moved that the bill, as amended by the House, further amended by the Senate and concurred in by the House, be read a last time now and placed upon its passage which motion prevailed and the bill was read a last time. On the question "Shall the bill pass?" (S.F. 69) The ayes were, 98: Arnold Baker Bell Bernau Blodgett Boddicker Boggess Bradley Brand Branstad Brauns Brunkhorst Burnett Carroll Cataldo Churchill
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