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House Journal: Page 2163: Wednesday, May 1, 1996

 shall determine by February 28 of the calendar year following
the calendar year in which the claims were filed if the total
amount of claims for refund exceeds the amount appropriated for
that purpose by the general assembly for the tax year.  If the
claim is not payable on February 28 because the taxpayer is a
fiscal year filer, the claim shall be considered as a claim
filed for the following tax year.
4.  A claim for refund shall be made on claim forms to be made
available by the department.  In order for a taxpayer to have a
valid refund claim, the taxpayer must supply legible copies of
documents the director deems necessary to verify the amount of
the refund.
Sec. 22.  FISCAL YEAR 1997-1998 APPROPRIATION. Notwithstanding
the livestock production operations described in section
422.120, for the tax year beginning on or after January 1, 1996,
the appropriation in section 422.121 shall only be used to
satisfy claims for cow-calf production.
Sec. 23.  APPLICABILITY.  This division of this Act applies to
tax years beginning on or after January 1, 1996.  
DIVISION VI
SCHOOL STUDY GOALS
Sec. 24.  It is the intent of the general assembly to support
the study of the department of education required in 1996 Iowa
Acts, House File 2477, if enacted, with the specified goals of
increasing the capacity of the whole school to meet the needs of
all children; increasing support available to atrisk students;
and ensuring predictable and equitable special education funding
at both the state and local levels; and with the additional goal
of achieving parity between the percentage of regular program
state cost per pupil and the percentage for that portion of
weighted enrollment that is additional enrollment because of
special education which constitute the regular program
foundation base and the percentage of special education support
services state cost per pupil which constitutes the special
education support services foundation base.  
DIVISION VII
FUNDING CREDITS AND EXEMPTIONS
Sec. 25.  NEW SECTION.  25B.7  FUNDING PROPERTY TAX CREDITS
AND EXEMPTIONS.
1.  Beginning with property taxes due and payable in the fiscal
year beginning July 1, 1997, the cost of providing a property
tax credit or property tax exemption which is enacted by the
general assembly on or after January 1, 1997, shall be fully
funded by the state.  If a state appropriation made to fund a
credit or exemption which is enacted on or after January 1,
1997, is not sufficient to fully fund the credit or exemption,
the political subdivision shall be required to extend to the
taxpayer only that portion of the credit or exemption funded by
the state appropriation.  The department of revenue and finance
shall determine the portion of the credit or exemption which
will be funded by the state appropriation.
2.  The requirement for fully funding and the consequences of
not fully funding credits and exemptions under subsection 1 also
apply to all of the following:
a.  Homestead tax credit pursuant to sections 425.1 through
425.15.
b.  Elderly, low-income, and disabled property tax credits
pursuant to sections 425.16 through 425.40.

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/02100/02163.html
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