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House Journal: Page 1040: Wednesday, March 27, 1996

18   of parcels, as defined in section 445.1, damaged by
19   the disaster, and other information as the board may
20   require.  The board of supervisors may order the
21   county treasurer to suspend the collection of the
22   taxes, special assessments, and rates or charges,
23   including interest, fees, and costs, which are
24   assessed against the petitioner or the petitioner's
25   estate for the current year and those unpaid for prior
26   years.  If the owner agrees to repair the damage or
27   reconstruct the property, the board may also abate
28   future taxes, special assessments, and rates or
29   charges, including interest, fees, and costs for a
30   period not to exceed five years.  The petition, when
31   approved, shall be filed by March 1 of the current tax
32   year with the treasurer.
33     For purposes of this section, "disaster" means
34   manmade and natural occurrences including, but not
35   limited to, fire, flood, earthquake, tornado, or
36   windstorm which results in damage exceeding fifty
37   percent of the property's assessed value."
38     2.  Page 6, line 7, by inserting after the word
39   "tax," the following:  "allowing for the suspension or
40   abatement of property taxes as a result of a
41   disaster,".
Amendment H-5641 lost.
Weigel of Chickasaw offered the following amendment H-5662, to
amendment H-5523, filed by him from the floor and moved its
adoption:

H-5662

 1     Amend the amendment, H-5523, to Senate File 2449,
 2   as amended, passed, and reprinted by the Senate, as
 3   follows:
 4     1.  Page 3, by inserting after line 26 the
 5   following:
 6                        "DIVISION    
 7   FAMILY FARM AND AGRICULTURAL LAND TAX CREDITS
 8     Sec. ___.  Section 425A.1, Code 1995, is amended to
 9   read as follows:
10     425A.1  FAMILY FARM TAX CREDIT FUND.
11     The family farm tax credit fund is created in the
12   office of the treasurer of state.  There shall be
13   transferred appropriated annually to the fund
the
14   first ten million dollars of the amount annually
15   appropriated to the agricultural land credit fund,
16   provided in section 426.1 an amount sufficient to
17   implement this chapter.  Any balance in the fund on
18   June 30 shall revert to the general fund.
19     Sec. ___.  Section 425A.2, subsection 4, Code 1995,
20   is amended to read as follows:
21     4.  "Designated person" means one of the following:

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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