Text: S05347                            Text: S05349
Text: S05300 - S05399                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index



Senate Amendment 5348

Amendment Text

PAG LIN
  1  1    Amend House File 2548, as passed by the House, as
  1  2 follows:
  1  3    #1.  Page 2, line 18, by inserting after the word
  1  4 "distribution" the following:  "or refund".
  1  5    #2.  Page 2, by inserting after line 26 the
  1  6 following:
  1  7    "3.  The provisions of this section shall not be
  1  8 construed to establish or relinquish any jurisdiction
  1  9 the state or an Indian tribe might have to levy or
  1 10 collect from any person any tax or fee within or
  1 11 without Indian country."
  1 12    #3.  Page 17, by inserting after line 8 the
  1 13 following:
  1 14    "Sec. 101.  Section 437A.3, subsection 1,
  1 15 unnumbered paragraph 1, Code Supplement 1999, is
  1 16 amended to read as follows:
  1 17    "Assessed value" means the base year assessed
  1 18 value, as adjusted by section 437A.19, subsection 2.
  1 19 "Base year assessed value", for a taxpayer other than
  1 20 an electric company, natural gas company, or electric
  1 21 cooperative, means the value attributable to property
  1 22 identified in section 427A.1, subsection 1, paragraph
  1 23 "h", certified by the department of revenue and
  1 24 finance to the county auditors for the assessment date
  1 25 of January 1, 1997, and the value attributable to
  1 26 property identified in section 427A.1 and section
  1 27 427B.17, subsection 5, as certified by the local
  1 28 assessors to the county auditors for the assessment
  1 29 date of January 1, 1997.  However, "base year assessed
  1 30 value", for purposes of property of a taxpayer that is
  1 31 a municipal utility, which property is not a major
  1 32 addition, was initially assessed to the taxpayer as of
  1 33 January 1, 1998, and is not located in a county where
  1 34 the taxpayer had property that was assessed for
  1 35 purposes of this chapter as of January 1, 1997, is the
  1 36 value attributable to such property for the assessment
  1 37 date of January 1, 1998."
  1 38    #4.  Page 19, by striking lines 5 through 17.
  1 39    #5.  By striking page 19, line 26 through page 22,
  1 40 line 15.
  1 41    #6.  Page 22, by striking lines 26 through 28.
  1 42    #7.  Page 22, by inserting before line 29 the
  1 43 following:
  1 44    "   .  Section 101 of this Act, amending section
  1 45 437A.3, being deemed of immediate importance, takes
  1 46 effect upon enactment and applies retroactively to
  1 47 January 1, 2000, for tax years beginning on and after
  1 48 that date."
  1 49    #8.  By renumbering as necessary.  
  1 50 
  2  1 
  2  2                               
  2  3 COMMITTED ON WAYS AND MEANS
  2  4 JoANN JOHNSON, Chairperson
  2  5 HF 2548.303 78
  2  6 mg/cf
     

Text: S05347                            Text: S05349
Text: S05300 - S05399                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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