Text: S03106                            Text: S03108
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Senate Amendment 3107

Amendment Text

PAG LIN
  1  1    Amend Senate File 458 as follows:
  1  2    #1.  Page 1, by inserting before line 1, the
  1  3 following:
  1  4    "Sec. 100.  Section 441.21, subsection 4, Code
  1  5 1999, is amended to read as follows:
  1  6    4.  For valuations established as of January 1,
  1  7 1979, the percentage of actual value at which
  1  8 agricultural and residential property shall be
  1  9 assessed shall be the quotient of the dividend and
  1 10 divisor as defined in this section.  The dividend for
  1 11 each class of property shall be the dividend as
  1 12 determined for each class of property for valuations
  1 13 established as of January 1, 1978, adjusted by the
  1 14 product obtained by multiplying the percentage
  1 15 determined for that year by the amount of any
  1 16 additions or deletions to actual value, excluding
  1 17 those resulting from the revaluation of existing
  1 18 properties, as reported by the assessors on the
  1 19 abstracts of assessment for 1978, plus six percent of
  1 20 the amount so determined.  However, if the difference
  1 21 between the dividend so determined for either class of
  1 22 property and the dividend for that class of property
  1 23 for valuations established as of January 1, 1978,
  1 24 adjusted by the product obtained by multiplying the
  1 25 percentage determined for that year by the amount of
  1 26 any additions or deletions to actual value, excluding
  1 27 those resulting from the revaluation of existing
  1 28 properties, as reported by the assessors on the
  1 29 abstracts of assessment for 1978, is less than six
  1 30 percent, the 1979 dividend for the other class of
  1 31 property shall be the dividend as determined for that
  1 32 class of property for valuations established as of
  1 33 January 1, 1978, adjusted by the product obtained by
  1 34 multiplying the percentage determined for that year by
  1 35 the amount of any additions or deletions to actual
  1 36 value, excluding those resulting from the revaluation
  1 37 of existing properties, as reported by the assessors
  1 38 on the abstracts of assessment for 1978, plus a
  1 39 percentage of the amount so determined which is equal
  1 40 to the percentage by which the dividend as determined
  1 41 for the other class of property for valuations
  1 42 established as of January 1, 1978, adjusted by the
  1 43 product obtained by multiplying the percentage
  1 44 determined for that year by the amount of any
  1 45 additions or deletions to actual value, excluding
  1 46 those resulting from the revaluation of existing
  1 47 properties, as reported by the assessors on the
  1 48 abstracts of assessment for 1978, is increased in
  1 49 arriving at the 1979 dividend for the other class of
  1 50 property.  The divisor for each class of property
  2  1 shall be the total actual value of all such property
  2  2 in the state in the preceding year, as reported by the
  2  3 assessors on the abstracts of assessment submitted for
  2  4 1978, plus the amount of value added to said total
  2  5 actual value by the revaluation of existing properties
  2  6 in 1979 as equalized by the director of revenue
  2  7 pursuant to section 441.49.  The director shall
  2  8 utilize information reported on abstracts of
  2  9 assessment submitted pursuant to section 441.45 in
  2 10 determining such percentage.  For valuations
  2 11 established as of January 1, 1980, and each year
  2 12 thereafter, the percentage of actual value as
  2 13 equalized by the director of revenue and finance as
  2 14 provided in section 441.49 at which agricultural and
  2 15 residential property shall be assessed shall be
  2 16 calculated in accordance with the methods provided
  2 17 herein including the limitation of increases in
  2 18 agricultural and residential assessed values to the
  2 19 percentage increase of the other class of property if
  2 20 the other class increases less than the allowable
  2 21 limit adjusted to include the applicable and current
  2 22 values as equalized by the director of revenue and
  2 23 finance, except that any in this subsection.  However,
  2 24 references to six percent in this subsection shall be
  2 25 four percent."
  2 26    #2.  Page 1, by inserting after line 19 the
  2 27 following:
  2 28    "Sec.    .  Section 100 of this Act applies
  2 29 retroactively to January 1, 1999, for valuations for
  2 30 property tax established on or after that date."
  2 31    #3.  Title page, line 2, by inserting after the
  2 32 word "statements" the following:  "and relating to the
  2 33 valuation of residential and agricultural property by
  2 34 removing the restriction that prevented each class
  2 35 from increasing in valuation by a greater percentage
  2 36 than the other and including an applicability date
  2 37 provision".  
  2 38 
  2 39 
  2 40                               
  2 41 JACK RIFE 
  2 42 SF 458.201 78
  2 43 sc/gg
     

Text: S03106                            Text: S03108
Text: S03100 - S03199                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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