This file contains STRIKE and UNDERSCORE. If you cannot see either STRIKE or UNDERSCORE attributes or would like to change how these attributes are displayed, please use the following form to make the desired changes.

House Journal: Page 1824: Monday, April 20, 1998

 6   c, Code Supplement 1997, is amended to read as
 7   follows:
 8     c.  Military service property tax credit and
 9   exemption pursuant to chapter 426A and sections 427.3
10   through 427.7, to the extent of six ten dollars and
11   seventy-five forty-nine cents per thousand dollars
of
12   assessed value of the exempt property."
13     2.  Page 11, by inserting after line 27 the
14   following:
15     "Sec. ___.  Section 426A.2, Code 1997, is amended
16   to read as follows:
17     426A.2  MILITARY SERVICE TAX CREDIT.
18     The moneys shall be apportioned each year so as to
19   replace all or a portion of the tax which would be due
20   on property eligible for military service tax
21   exemption in the state, if the property were subject
22   to taxation, the amount of the credit to be not more
23   than six ten dollars and seventy-five
forty-nine cents
24   per thousand dollars of assessed value of property
25   which would be subject to the tax, except for the
26   military service tax exemption."
Greig of Emmet asked and received unanimous consent that
amendment H-9171, to the committee amendment H-8935, be deferred.
Bernau of Story offered the following amendment H-9029, to the
committee amendment H-8935 filed by him and Jochum of Dubuque
and moved its adoption:

H-9029

 1     Amend the Committee amendment, H-8935, to Senate
 2   File 547, as passed by the Senate, as follows:
 3     1.  Page 1, by striking lines 10 through 12 and
 4   inserting the following:  "through 427.7, to the
 5   extent of six dollars and seventy-five cents per
 6   thousand dollars of assessed value of the exempt
 7   property."
 8     2.  Page 1, line 19, by striking the words "or a
 9   portion" and inserting the following:  "or a portion".
10     3.  Page 1, by striking lines 22 through 26 and
11   inserting the following:  "to taxation, the amount of
12   the credit to be not more than six dollars and
13   seventy-five cents per thousand dollars of assessed
14   value of property which would be subject to the tax,
15   except for the military service tax exemption.
16     Sec. ___.  Section 426A.5, Code 1997, is amended to
17   read as follows:
18     426A.5  PROPORTIONATE SHARES TO DISTRICTS.
19     The amount of credits received under this chapter
20   shall then be apportioned by each county treasurer to
21   the several taxing districts in the same manner as

© 1998 Cornell College and League of Women Voters of Iowa

Comments about this site or page? hjourn@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.

Last update: Tue Apr 21 13:40:06 CDT 1998
URL: /DOCS/GA/77GA/Session.2/HJournal/01800/01824.html
jhf