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House Journal: Page 2157: Wednesday, May 1, 1996

Notwithstanding contrary provisions of the Code, the amounts
appropriated under the applicable sections of the Code for
fiscal years commencing on or after July 1, 1993, are limited to
those amounts expended under those sections for the fiscal year
commencing July 1, 1992.  If an applicable section appropriates
moneys to be distributed to different recipients and the
operation of this section reduces the total amount to be
distributed under the applicable section, the moneys shall be
prorated among the recipients.  As used in this section,
"applicable sections" means the following sections:  53.50,
229.35, 230.8, 230.11, 405A.8, 411.20, 425.1, 425.39,
426A.1, 663.44, and 822.5.
Sec. 8.  Section 425.1, subsection 1, Code 1995, is amended to
read as follows:
1.  A homestead credit fund is created.  There is appropriated
annually from the general fund of the state to the department of
revenue and finance to be credited to the homestead credit fund,
an amount sufficient the sum of one hundred fourteen
million four hundred thousand dollars to implement this
chapter.
The director of revenue and finance shall issue warrants on the
homestead credit fund payable to the county treasurers of the
several counties of the state under this chapter.
Sec. 9.  Section 425.39, Code 1995, is amended to read as
follows:
1.  The extraordinary property tax credit and reimbursement fund
is created.  There is appropriated annually from the general
fund of the state to the department of revenue and finance to be
credited to the extraordinary property tax credit and
reimbursement fund, from funds not otherwise appropriated, an
amount sufficient the sum of twelve million five hundred
thousand dollars to implement this division.
2.  If the amount appropriated under subsection 1, as limited
by section 8.59, plus any supplemental appropriation made for
purposes of this section for a fiscal year is insufficient to
pay all claims in full, the director shall pay, in full, all
claims to be paid during the fiscal year for reimbursement of
rent constituting property taxes paid or if moneys are
insufficient to pay all such claims on a pro rata basis.  If the
amount of claims for credit for property taxes due to be paid
during the fiscal year exceed the amount remaining after payment
to renters, the director of revenue and finance shall prorate
the payments to the counties for the property tax credit.  In
order for the director to carry out the requirements of this
subsection, notwithstanding any provision to the contrary in
this division, claims for reimbursement for rent constituting
property taxes paid filed before May 1 of the fiscal year shall
be eligible to be paid in full during the fiscal year and those
claims filed on or after May 1 of the fiscal year shall be
eligible to be paid during the following fiscal year and the
director is not required to make payments to counties for the
property tax credit before June 15 of the fiscal year.
Sec. 10.  Section 426A.1, Code 1995, is amended to read as
follows:
426A.1  APPROPRIATION.
There is appropriated from the general fund of the state the
amounts necessary sum of two million eight hundred
thousand dollars to fund the credits provided under this
chapter.
Sec. 11.  It is the intent of the general assembly to provide
property tax relief to the citizens of Iowa by fully funding the
homestead credit, the elderly and disabled credit, and military
tax exemption.  The general assembly directs local 

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/02100/02157.html
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