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House Journal: Page 2121: Wednesday, May 1, 1996

14   amended to read as follows:
15     For purposes of this paragraph, the price index for
16   government purchases by type for state and local
17   governments is defined by the bureau of economic
18   analysis of the United States department of commerce
19   and published in table 7.11 of the national income and
20   products accounts.  For the fiscal years beginning
21   July 1, 1995, and July 1, 1996, the price index used
22   shall be the revision published in the November 1994
23   and November 1995 issues, respectively, of the United
24   States department of commerce publication, "survey of
25   current business".  For purposes of this paragraph,
26   tax dollars levied in the fiscal years beginning July
27   1, 1994, and July 1, 1995, shall not include funds
28   levied for paragraphs "a", "b", and "c", and "d" of
29   this subsection.
30     Sec. ___.  Section 444.25B, subsection 1,
31   unnumbered paragraph 1, Code Supplement 1995, is
32   amended to read as follows:
33     The maximum amount of property tax dollars which
34   may be certified by a county for taxes payable in the
35   fiscal year beginning July 1, 1997, shall not exceed
36   the amount of property tax dollars certified by the
37   county for taxes payable in the fiscal year beginning
38   July 1, 1996, minus the amount by which the property
39   tax relief moneys to be received by the county in the
40   fiscal year beginning July 1, 1997, pursuant to
41   section 426B.2, subsections 1 and 3, exceed the amount
42   of the property tax relief moneys received in the
43   fiscal year beginning July 1, 1996, for each of the
44   levies for the following, except for the levies on the
45   increase in taxable valuation due to new construction,
46   additions or improvements to existing structures,
47   remodeling of existing structures for which a building
48   permit is required, annexation, and phasing out of tax
49   exemptions, and on the increase in valuation of
50   taxable property as a result of a comprehensive

Page  11

 1   revaluation by a private appraiser under a contract
 2   entered into prior to January 1, 1992, or as a result
 3   of a comprehensive revaluation directed or authorized
 4   by the conference board prior to January 1, 1992, with
 5   documentation of the contract, authorization, or
 6   directive on the revaluation provided to the director
 7   of revenue and finance, if the levies are equal to or
 8   less than the levies for the previous year, levies on
 9   that portion of the taxable property located in an
10   urban renewal project the tax revenues from which are
11   no longer divided as provided in section 403.19,
12   subsection 2, or as otherwise provided in this
13   section:

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: Tue Jun 25 15:30:03 CDT 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/02100/02121.html
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