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House Journal: Page 277: Wednesday, February 7, 1996

Amendment H-5021 lost.

Wise of Lee asked and received unanimous consent to withdraw
amendment H-5056 filed by him on February 6, 1996.
Shoultz of Black Hawk asked and received unanimous consent to
defer action on amendment H-5028.
Halvorson of Clayton offered amendment H-5052 filed by Halvorson
et. al. as follows:

H-5052

 1     Amend House File 2111 as follows:
 2     1.  By striking page 3, line 28, through page 4,
 3   line 18, and inserting the following:
 4                        "DIVISION ___
 5                     SCHOOL PROPERTY TAX
 6     Sec. 101.  Section 257.3, subsection 1, unnumbered
 7   paragraph 1, Code Supplement 1995, is amended to read
 8   as follows:
 9     Except as provided in subsections 2 and 3, a A
10   school district shall cause to be levied each year,
11   for the school general fund, a foundation property tax
12   equal to five four dollars and forty
fifteen cents per
13   thousand dollars of assessed valuation on all taxable
14   property in the district.  The county auditor shall
15   spread the foundation levy over all taxable property
16   in the district.
17     Sec. 102.  Section 257.3, subsections 2 and 3, Code
18   Supplement 1995, are amended by striking the
19   subsections.
20     Sec. 103.  Section 257.3, subsection 4, Code
21   Supplement 1995, is amended to read as follows:
22     4.  RAILWAY CORPORATIONS.  For purposes of section
23   257.1, the "amount per pupil of foundation property
24   tax" does not include the tax levied under subsection
25   1, 2, or 3 on the property of a railway corporation,
26   or on its trustee if the corporation has been declared
27   bankrupt or is in bankruptcy proceedings.
28     Sec. 104.  Section 275.55, unnumbered paragraph 4,
29   Code 1995, is amended by striking the unnumbered
30   paragraph.
31     Sec. 105.  Section 425A.3, subsection 1, Code 1995,
32   is amended to read as follows:
33     1.  The family farm tax credit fund shall be
34   apportioned each year in the manner provided in this
35   chapter so as to give a credit against the tax on each
36   eligible tract of agricultural land within the several
37   school districts of the state in which the levy for
38   the general school fund exceeds five four dollars
and
39   forty fifteen cents per thousand dollars of assessed
40   value.  The amount of the credit on each eligible

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 2)

© 1996 Cornell College and League of Women Voters of Iowa

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Last update: Mon Feb 12 10:55:03 CST 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/00200/00277.html
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