Text: SSB00184 Text: SSB00186 Text: SSB00100 - SSB00199 Text: SSB 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 1811SC 77
1 30 sc/jj/8
Text: SSB00184 Text: SSB00186 Text: SSB00100 - SSB00199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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