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House Journal: Page 2133: Monday, May 1, 1995

Amendment H-4179 lost.

Weigel of Chickasaw offered the following amendment H-4181, to
the Senate amendment H-4176, filed by him from the floor and
moved its adoption:
H-4181
 1     Amend the Senate amendment, H-4176, to House File
 2   518, as amended, passed, and reprinted by the House,
 3   as follows:
 4     1.  Page 1, by inserting before line 32, the
 5   following:
 6     "Each county treasurer shall be paid an amount
 7   equal to the amount of the public utility property tax
 8   replacement claim as calculated pursuant to section
 9   476.1E.
10     Sec. ___.  NEW SECTION.  476.1E  DEPARTMENT OF
11   REVENUE AND FINANCE AND COUNTY AUDITOR DUTIES.
12     1.  On or before July 1 of each year, the
13   department of revenue and finance shall determine the
14   total valuation of all property assessed under section
15   476.1D, subsection 10, for that year and the valuation
16   of such property if it were assessed as of January 1,
17   1995, and shall report the valuations to the county
18   auditor.
19     2.  On or before July 1, 1997, and on or before
20   July 1 of each subsequent year, the county auditor
21   shall prepare a statement listing for each taxing
22   district in the county:
23     a.  Beginning with the assessment year beginning
24   January 1, 1996, the difference between the assessed
25   valuations of property assessed pursuant to section
26   476.1D, subsection 10, and the assessed value of such
27   property if it were assessed as of January 1, 1995.
28   The auditor shall make other adjustments as directed
29   by rule of the department of revenue and finance.
30     b.  The tax levy rate for each taxing district for
31   the fiscal year.
32     c.  If the calculation under paragraph "a"
33   indicates a net decrease in aggregate valuation of
34   such property, the public utility property tax
35   replacement claim for each taxing district is equal to
36   the net decrease determined pursuant to paragraph "a",
37   multiplied by the tax rate specified in paragraph "b".
38     3.  The county auditor shall certify and forward
39   one copy of the statement to the department of revenue
40   and finance not later than July 1 of each year.
41     Sec. ___.  NEW SECTION.  476.1F  FUND CREATED.
42     1.  The public utility property tax replacement
43   fund is created.  There is appropriated annually from
44   the general fund of the state to the department of
45   revenue and finance to be credited to the public

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 1)

© 1995 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Sun Jan 14 21:05:02 CST 1996
URL: /DOCS/GA/76GA/Session.1/HJournal/02100/02133.html
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