Text: HSB00018 Text: HSB00020 Text: HSB00000 - HSB00099 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 404.2, subsection 2, Code 1997, is 1 2 amended by adding the following new paragraph: 1 3 NEW PARAGRAPH. k. A county or school district in which is 1 4 located all or a portion of an urban revitalization area 1 5 designated by a city may choose not to allow an exemption for 1 6 that portion of the taxes payable to the county or school 1 7 district or may choose to allow a smaller exemption than that 1 8 allowed by the city, under the schedule set out in section 1 9 404.3, subsection 1, 2, 3, or 4. A school district in which 1 10 is located all or a portion of an urban revitalization area 1 11 designated by a county may choose not to allow an exemption 1 12 for that portion of the taxes payable to the school district 1 13 or may choose to allow a smaller exemption than that allowed 1 14 by the county, under the schedule set out in section 404.3, 1 15 subsection 1, 2, 3, or 4. 1 16 Sec. 2. APPLICABILITY. This Act applies to applications 1 17 for exemption filed on or after January 1, 1998. 1 18 EXPLANATION 1 19 The bill provides that, in the case of an urban 1 20 revitalization area designated by a city, a school district or 1 21 county may choose to allow no exemption from taxation or may 1 22 allow a smaller exemption under a schedule other than that 1 23 chosen by the city. In the case of a revitalization area 1 24 designated by a county, a school district may choose to allow 1 25 no exemption or may allow a smaller exemption under a schedule 1 26 other than that chosen by the county. 1 27 The bill applies to applications for property tax exemption 1 28 filed on or after January 1, 1998. 1 29 LSB 1811HC 77 1 30 sc/jj/8
Text: HSB00018 Text: HSB00020 Text: HSB00000 - HSB00099 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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