Text: S05391 Text: S05393 Text: S05300 - S05399 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 2448 as follows: 1 2 #1. Page 1, by inserting after line 19, the 1 3 following: 1 4 " . It is the intent of the general assembly 1 5 that on and after July 1, 2007, the excise tax imposed 1 6 on renewable reformulated gasoline as provided in 1 7 section 452A.3 shall remain at the same rate as the 1 8 general rate for conventional gasoline, if on average 1 9 within a calculation period as provided in that 1 10 section, more than fifty percent of the total excise 1 11 tax receipts collected by the department is attributed 1 12 to the sale of renewable reformulated gasoline." 1 13 #2. Page 9, by inserting after line 10, the 1 14 following: 1 15 "Sec. . NEW SECTION. 307.50 DEPARTMENTAL 1 16 ANALYSIS – REPORT. 1 17 On July 1, 2004, or three months following the 1 18 federal surface transportation funding reauthorization 1 19 to the state, whichever occurs earlier, the department 1 20 shall submit a report to the governor and general 1 21 assembly. The report shall analyze federal 1 22 transportation funding to the state, including funding 1 23 based on federal excise taxes collected in this state, 1 24 and any reduction in federal funding that has been 1 25 caused because of this Act in relation to federal 1 26 excise tax receipts. If the department determines 1 27 that there has been a reduction in federal funding, 1 28 the report shall provide for alternative methods by 1 29 which lost federal revenues may be replaced by the 1 30 general assembly. 1 31 Sec. __. Section 452A.3, subsection 2, paragraph 1 32 b, Code 1999, is amended to read as follows: 1 33 b. For the privilege of operating motor vehicles 1 34 in this state,anthe following shall apply to 1 35 renewable reformulated gasoline as provided in chapter 1 36 214A which is used for any purpose except as otherwise 1 37 provided in this division: 1 38 (1) An excise tax of nineteen cents per gallon 1 39untilthrough June 30, 2007, is imposed upon the use 1 40 ofmotor fuel containing at least ten percent alcohol1 41distilled from cereal grains grown in the United1 42States and used for any purpose except as otherwise1 43provided in this divisionrenewable reformulated 1 44 gasoline, until adjusted as provided in this 1 45 paragraph. On and after January 1, 2001, through June 1 46 30, 2007, the excise tax imposed upon renewable 1 47 reformulated gasoline is subject to adjustment as 1 48 follows: 1 49 (a) The excise tax is twenty cents, if on average 1 50 for a calculation period, fifty-five percent or more 2 1 of the total excise tax receipts collected by the 2 2 department is attributed to the sale of renewable 2 3 reformulated gasoline, as determined by the 2 4 department. 2 5 (b) The excise tax is nineteen cents, if on 2 6 average for a calculation period, less than fifty-five 2 7 percent of the total excise tax receipts collected by 2 8 the department is attributable to the sale of 2 9 renewable reformulated gasoline, as determined by the 2 10 department. 2 11 (2) As used in this paragraph "b", a calculation 2 12 period begins on January 1 and ends on December 31. 2 13 The department shall make a determination whether the 2 14 excise tax must be adjusted at the end of each 2 15 calculation period. An adjusted excise tax shall 2 16 become applicable on July 1 following the department's 2 17 determination that an adjustment is necessary, and 2 18 shall continue at the same rate until adjusted again, 2 19 through June 30, 2007. The department shall provide 2 20 notice to persons remitting the excise tax that will 2 21 be in effect beginning on July 1 of each year, through 2 22 June 30, 2007." 2 23 2 24 2 25 2 26 RICHARD F. DRAKE 2 27 MATT McCOY 2 28 MERLIN E. BARTZ 2 29 JoANN JOHNSON 2 30 DERRYL McLAREN 2 31 PATRICIA HARPER 2 32 STEWART IVERSON, Jr. 2 33 MICHAEL E. GRONSTAL 2 34 SF 2448.304 78 2 35 da/cf
Text: S05391 Text: S05393 Text: S05300 - S05399 Text: S Index Bills and Amendments: General Index Bill History: General Index
© 2000 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@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: Thu Apr 13 03:35:57 CDT 2000
URL: /DOCS/GA/78GA/Legislation/S/05300/S05392/000412.html
jhf