This file contains STRIKE and UNDERSCORE. If you cannot see either STRIKE or UNDERSCORE attributes or would like to change how these attributes are displayed, please use the following form to make the desired changes.

House Journal: Page 279: Wednesday, February 7, 1996

42   agricultural land credits fund to pay said credits in
43   full, in which case the credit on each eligible tract
44   of such lands in the state shall be proportionate and
45   shall be applied as hereinafter provided in this
46   chapter.
47     Sec. 108.  Section 426.6, unnumbered paragraph 1,
48   Code 1995, is amended to read as follows:
49     The agricultural land tax credit allowed each year
50   shall be computed as follows:  On or before the first

Page   3

 1   of June the county auditor shall list by school
 2   districts all tracts of agricultural lands which they
 3   are entitled to credit, together with the taxable
 4   value for the previous year, together with the budget
 5   from each school district for the previous year, and
 6   the tax rate determined for the general fund of the
 7   district in the manner prescribed in section 444.3 for
 8   the previous year, and if such the tax rate is in
 9   excess of five four dollars and forty
fifteen cents
10   per thousand dollars of assessed value, the auditor
11   shall multiply the tax levy which is in excess of five
12   four dollars and forty fifteen cents per
thousand
13   dollars of assessed value by the total taxable value
14   of the agricultural lands entitled to credit in the
15   district, and on or before the first of June certify
16   the amount to the department of revenue and finance.
17     Sec. 109.
18     1.  Sections 101 through 104 of this division of
19   this Act, being deemed of immediate importance, take
20   effect upon enactment, and apply to the computation of
21   school foundation property taxes payable during school
22   budget years beginning on or after July 1, 1996.
23     2.  Sections 105 through 108 of this division of
24   this Act take effect January 1, 1997, and apply to the
25   computation of family farm tax credits and
26   agricultural land tax credits granted for property
27   taxes payable in school budget years beginning on or
28   after July 1, 1997."
29     2.  Title page, lines 4 and 5, by striking the
30   words "appropriating moneys to a special taxpayer
31   relief account" and inserting the following:
32   "reducing the school district uniform levy".
Daggett of Union offered the following amendment H-5058, to
amendment H-5052, filed by him from the floor and moved its
adoption:

H-5058

 1     Amend the amendment, H_5052, to House File 2111 as
 2   follows:

Iowa General Assembly

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

© 1996 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Mon Feb 12 10:55:03 CST 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/00200/00279.html
jhf