Text: S03114 Text: S03116 Text: S03100 - S03199 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend Senate File 136 as follows:
1 2 #1. By striking everything after the enacting
1 3 clause and inserting the following:
1 4 "Section 1. Section 99D.2, subsection 8, Code
1 5 1997, is amended to read as follows:
1 6 8. "RACETRACK ENCLOSURE" means the grandstand,
1 7 clubhouse, turf club or other areas of a licensed
1 8 racetrack which a person may enter only upon payment
1 9 of an admission fee, or upon payment by another, at
1 10 any time, based upon the person's admittance, or upon
1 11 presentation of authorized credentials. "Racetrack
1 12 enclosure" also means any additional areas designated
1 13 by the commission.
1 14 Sec. 2. Section 99D.14, subsection 6, Code 1997,
1 15 is amended by striking the subsection and inserting in
1 16 lieu thereof the following:
1 17 6. Real property used in the operation of a
1 18 racetrack or racetrack enclosure which is exempt from
1 19 property taxation under another provision of the law,
1 20 including being exempt because it is owned by a city,
1 21 county, state, or charitable or nonprofit entity, may
1 22 be subject to real property taxation by any taxing
1 23 district in which the real property used in the
1 24 operation of the racetrack or racetrack enclosure is
1 25 located. To subject such real property to taxation,
1 26 the taxing authority of the taxing district shall pass
1 27 a resolution imposing the tax and shall notify the
1 28 county assessor, director of revenue and finance, and
1 29 the owner of record of the real property by September
1 30 1 preceding the fiscal year in which the real property
1 31 taxes are due and payable. The assessed value shall
1 32 be determined and notice of the assessed value shall
1 33 be provided to the county auditor by the department of
1 34 revenue and finance by October 15 and the owner may
1 35 protest the assessed value to the state board of tax
1 36 review by December 1. Property taxes due as a result
1 37 of this subsection shall be paid to the county
1 38 treasurer in the manner and time as other property
1 39 taxes. The county treasurer shall remit the tax
1 40 revenue to those taxing authorities imposing the
1 41 property tax under this subsection. Real property
1 42 subject to tax as provided in this subsection shall
1 43 continue to be taxed until such time as the taxing
1 44 authority of the taxing district repeals the
1 45 resolution subjecting the property to taxation.
1 46 Notwithstanding section 99D.7, the department of
1 47 revenue and finance shall adopt rules to implement
1 48 this subsection.
1 49 Sec. 3. Section 99F.1, subsection 15, Code 1997,
1 50 is amended to read as follows:
2 1 15. "RACETRACK ENCLOSURE" means the grandstand,
2 2 clubhouse, turf club, or other areas of a licensed
2 3 racetrack which an individual may enter only upon
2 4 payment of an admission fee, or upon payment by
2 5 another, at any time, based upon the individual's
2 6 admittance, or upon presentation of authorized
2 7 credentials. "Racetrack enclosure" also means any
2 8 additional areas designated by the commission."
2 9
2 10
2 11
2 12 WILLIAM D. PALMER
2 13 JoANN DOUGLAS
2 14 SF 136.302 77
2 15 mg/cf/28
Text: S03114 Text: S03116 Text: S03100 - S03199 Text: S Index Bills and Amendments: General Index Bill History: General Index
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