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PAG LIN 1 1 Section 1. Section 8.59, Code 1997, is amended to read as 1 2 follows: 1 3 8.59 APPROPRIATIONS FREEZE. 1 4 Notwithstanding contrary provisions of the Code, the 1 5 amounts appropriated under the applicable sections of the Code 1 6 for fiscal years commencing on or after July 1, 1993, are 1 7 limited to those amounts expended under those sections for the 1 8 fiscal year commencing July 1, 1992. If an applicable section 1 9 appropriates moneys to be distributed to different recipients 1 10 and the operation of this section reduces the total amount to 1 11 be distributed under the applicable section, the moneys shall 1 12 be prorated among the recipients. As used in this section, 1 13 "applicable sections" means the following sections: 53.50, 1 14 229.35, 230.8, 230.11, 405A.8, 411.20,425.1, 425.39, 426A.1,1 15 663.44, and 822.5. 1 16 Sec. 2. Section 425.23, subsection 1, paragraph a, Code 1 17 1997, is amended to read as follows: 1 18a.The tentative credit or reimbursement for a claimant 1 19 described in section 425.17, subsection 2, paragraph "a" and 1 20 paragraph "b",if no appropriation is made to the fund created1 21in section 425.40shall be determined in accordance with the 1 22 following schedule: 1 23 Percent of property taxes 1 24 due or rent constituting 1 25 property taxes paid 1 26 If the household allowed as a credit or 1 27 income is: reimbursement: 1 28 $ 0 – 5,999.99 ................ 100% 1 29 6,000 – 6,999.99 ................ 85 1 30 7,000 – 7,999.99 ................ 70 1 31 8,000 – 9,999.99 ................ 50 1 32 10,000 – 11,999.99 ................ 35 1 33 12,000 – 13,999.99 ................ 25 1 34 Sec. 3. Section 425.23, subsection 1, paragraph b, Code 1 35 1997, is amended by striking the paragraph. 2 1 Sec. 4. Section 425.23, subsection 3, paragraph a, Code 2 2 1997, is amended to read as follows: 2 3 a. A person who is eligible to file a claim for credit for 2 4 property taxes due and who has a household income of six 2 5 thousand dollars or less and who has an unpaid special 2 6 assessment levied against the homestead may file a claim for a 2 7 special assessment credit with the county treasurer. The 2 8 department shall provide to the respective treasurers the 2 9 forms necessary for the administration of this subsection. 2 10 The claim shall be filed not later than September 30 of each 2 11 year. Upon the filing of the claim, interest for late payment 2 12 shall not accrue against the amount of the unpaid special 2 13 assessment due and payable. The claim filed by the claimant 2 14 constitutes a claim for credit of an amount equal to the 2 15 actual amount due upon the unpaid special assessment, plus 2 16 interest, payable during the fiscal year for which the claim 2 17 is filed against the homestead of the claimant.However,2 18where the claimant is an individual described in section2 19425.17, subsection 2, paragraph "b", and the tentative credit2 20is determined according to the schedule in section 425.23,2 21subsection 1, paragraph "b", subparagraph (2), the claim filed2 22constitutes a claim for credit of an amount equal to one-half2 23of the actual amount due and payable during the fiscal year.2 24 The treasurer shall certify to the director of revenue and 2 25 finance not later than October 15 of each year the total 2 26 amount of dollars due for claims allowed. The amount of 2 27 reimbursement due each county shall be paid by the director of 2 28 revenue and finance by November 15 of each year, drawn upon 2 29 warrants payable to the respective treasurer. There is 2 30 appropriated annually from the general fund of the state to 2 31 the department of revenue and finance an amount sufficient to 2 32 carry out the provisions of this subsection. The treasurer 2 33 shall credit any moneys received from the department against 2 34 the amount of the unpaid special assessment due and payable on 2 35 the homestead of the claimant. 3 1 Sec. 5. Section 425.39, subsection 1, Code 1997, is 3 2 amended to read as follows: 3 31.The extraordinary property tax credit and reimbursement 3 4 fund is created. There is appropriated annually from the 3 5 general fund of the state to the department of revenue and 3 6 finance to be credited to the extraordinary property tax 3 7 credit and reimbursement fund, from funds not otherwise 3 8 appropriated, an amount sufficient toimplementfund claims of 3 9 claimants, described in section 425.17, subsection 2, 3 10 paragraph "a", under this division. 3 11 Sec. 6. Section 425.39, subsection 2, Code 1997, is 3 12 amended by striking the subsection. 3 13 Sec. 7. Section 425.40, subsection 1, Code 1997, is 3 14 amended to read as follows: 3 151.A low-income tax credit and reimbursement fund is 3 16 created. There is appropriated annually from the general fund 3 17 of the state to the department of revenue and finance to be 3 18 credited to the low-income tax credit and reimbursement fund 3 19 an amount sufficient to fund claims of claimants, described in 3 20 section 425.17, subsection 2, paragraph "b", under this 3 21 division. 3 22 Sec. 8. Section 425.40, subsection 2, Code 1997, is 3 23 amended by striking the subsection. 3 24 Sec. 9. This Act takes effect July 1, 1997, and applies to 3 25 homestead, military service, and low-income tax credit and 3 26 rent reimbursement claims payable in fiscal years beginning on 3 27 or after that date. 3 28 EXPLANATION 3 29 The bill provides for standing appropriations to fully fund 3 30 the cost of granting the homestead tax credit, military 3 31 service tax credit, and the low-income tax credit and 3 32 reimbursement at the levels specified prior to the freeze on 3 33 such appropriations beginning with the 1993-1994 fiscal year. 3 34 The bill takes effect July 1, 1997, for homestead credit, 3 35 military service credit and low-income tax credit and 4 1 reimbursement claims payable in fiscal years beginning on or 4 2 after July 1, 1997. 4 3 LSB 1171SS 77 4 4 mg/sc/14
Text: SF00024 Text: SF00026 Text: SF00000 - SF00099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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