Text: HF02079 Text: HF02081 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 404.2, unnumbered paragraph 1, Code
1 2 Supplement 1997, is amended to read as follows:
1 3 A city or county may only exercise the authority conferred
1 4 upon it in this chapter, subject to the limitation in section
1 5 404.8, and after the following conditions have been met:
1 6 Sec. 2. NEW SECTION. 404.8 EXEMPTION LIMITATION –
1 7 COUNTY AND SCHOOL DISTRICT APPROVAL.
1 8 If all or a portion of an urban revitalization area
1 9 designated by a city is located in a county or school
1 10 district, the county or school district may choose not to
1 11 allow an exemption for that portion of the taxes payable to
1 12 the county or school district or may choose to allow a smaller
1 13 exemption than that allowed by the city, under the schedule
1 14 set out in section 404.3, subsection 1, 2, 3, or 4. If all or
1 15 a portion of an urban revitalization area designated by a
1 16 county is located in a school district, the school district
1 17 may choose not to allow an exemption for that portion of the
1 18 taxes payable to the school district or may choose to allow a
1 19 smaller exemption than that allowed by the county, under the
1 20 schedule set out in section 404.3, subsection 1, 2, 3, or 4.
1 21 Sec. 3. APPLICABILITY. This Act applies to applications
1 22 for exemption filed on or after January 1, 1999.
1 23 EXPLANATION
1 24 The bill provides that, in the case of an urban
1 25 revitalization area designated by a city, a school district or
1 26 county may choose to allow no exemption from taxation or may
1 27 allow a smaller exemption under a schedule other than that
1 28 chosen by the city. In the case of a revitalization area
1 29 designated by a county, a school district may choose to allow
1 30 no exemption or may allow a smaller exemption under a schedule
1 31 other than that chosen by the county.
1 32 The bill applies to applications for property tax exemption
1 33 filed on or after January 1, 1999.
1 34 LSB 3376HH 77
1 35 sc/jl/8
Text: HF02079 Text: HF02081 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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