Text: SCR00112 Text: SCR00114 Text: SCR00100 - SCR00199 Text: SCR Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 SENATE CONCURRENT RESOLUTION NO.
1 2 BY DRAKE, JOHNSON, JUDGE, HARPER,
1 3 FRAISE, RITTMER, and REDFERN
1 4 A Concurrent Resolution establishing a special
1 5 commission to study and make recommendations
1 6 concerning the impact of current and future state
1 7 replacement funds paid to local governments to mitigate
1 8 the effects of the elimination of the property tax on
1 9 industrial machinery, equipment, and computers.
1 10 WHEREAS, it was the intent of the General Assembly
1 11 to provide replacement funds to local governments to
1 12 mitigate the loss of property tax revenue resulting
1 13 from the elimination of industrial machinery,
1 14 equipment, and computers from the local property tax
1 15 base for a period of time sufficient to allow growth
1 16 from economic development to replenish the tax base;
1 17 and
1 18 WHEREAS, the manner of calculating claims for
1 19 reimbursement paid from the state replacement fund may
1 20 have a severe adverse fiscal impact on certain local
1 21 governments whose property tax base contained a
1 22 significant proportion of industrial machinery,
1 23 equipment, and computers; NOW THEREFORE,
1 24 BE IT RESOLVED BY THE SENATE, THE HOUSE OF
1 25 REPRESENTATIVES CONCURRING, That the Legislative
1 26 Council is requested to establish a special commission
1 27 to study the current statutory system under which
1 28 reimbursement claims are calculated and funds paid by
1 29 the state to local governments to replace revenue lost
1 30 from the elimination of property tax on industrial
2 1 machinery, equipment, and computers; and
2 2 BE IT FURTHER RESOLVED, That the special commission
2 3 be comprised of twelve voting members with diverse
2 4 expertise in economic development and local government
2 5 finance and administration, including all of the
2 6 following:
2 7 1. Four members of the General Assembly with not
2 8 more than one member from each chamber being from the
2 9 same political party. The two senators shall be
2 10 appointed by the majority leader of the Senate after
2 11 consultation with the president of the Senate and the
2 12 minority leader of the Senate. The two
2 13 representatives shall be appointed by the Speaker of
2 14 the House of Representatives after consultation with
2 15 the majority and minority leaders of the House of
2 16 Representatives.
2 17 2. One member appointed by the Governor.
2 18 3. The director of the Iowa Department of Economic
2 19 Development or the director's designee.
2 20 4. The executive director of the Iowa League of
2 21 Cities or the executive director's designee.
2 22 5. The executive director of the Iowa State
2 23 Association of Counties or the executive director's
2 24 designee.
2 25 6. The president of the Iowa Municipal Finance
2 26 Officers Association or the president's designee.
2 27 7. The director of Revenue and Finance or the
2 28 director's designee.
2 29 8. An economist designated by the president of
2 30 Iowa State University of Science and Technology.
3 1 9. The president of the Professional Developers of
3 2 Iowa or the president's designee; and
3 3 BE IT FURTHER RESOLVED, That the chairpersons of
3 4 the special commission shall be the General Assembly
3 5 members of the majority party from each chamber; and
3 6 BE IT FURTHER RESOLVED, That the special commission
3 7 shall do all of the following:
3 8 1. Review the impact of the phase-out of property
3 9 taxation of industrial machinery, equipment, and
3 10 computers on individual units of local government.
3 11 2. Evaluate the impact, from an economic
3 12 development perspective, of the phase-out of property
3 13 taxation of industrial machinery, equipment, and
3 14 computers.
3 15 3. Assess the impact of state replacement funds in
3 16 mitigating the loss of local government revenue due to
3 17 the phase-out of property taxation of industrial
3 18 machinery, equipment, and computers.
3 19 4. Project the amount of replacement funds
3 20 necessary to pay reimbursement claims to local
3 21 governments through fiscal year 2006-2007.
3 22 5. Recommend modifications to the current
3 23 statutory system under which reimbursement claims are
3 24 calculated in order to further mitigate revenue loss
3 25 to those local governments for which the elimination
3 26 of the property tax on industrial machinery,
3 27 equipment, and computers will have a severe adverse
3 28 fiscal impact; and
3 29 BE IT FURTHER RESOLVED, That the special commission
3 30 shall convene, at a minimum, once each month, if
4 1 necessary; and
4 2 BE IT FURTHER RESOLVED, That the special commission
4 3 shall submit a final report to the General Assembly
4 4 and to the Governor for consideration during the 2001
4 5 legislative session, which report shall include, but
4 6 not be limited to, findings, analyses, and
4 7 recommendations by the special commission; and
4 8 BE IT FURTHER RESOLVED, That the Legislative
4 9 Council, pursuant to its authority in section 2.43 may
4 10 allocate funding from moneys available to it in
4 11 section 2.12, to the special commission created in
4 12 this Resolution for studies, consultants, surveys, and
4 13 reimbursement of any public or private department or
4 14 agency that provides staffing services for the
4 15 commission; and
4 16 BE IT FURTHER RESOLVED, That the members of the
4 17 General Assembly serving on the special commission
4 18 shall, by January 15, 2001, file their recommendations
4 19 for consideration during the 2001 legislative session.
4 20 LSB 7229XS 78
4 21 sc/cls/14
Text: SCR00112 Text: SCR00114 Text: SCR00100 - SCR00199 Text: SCR 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 20 03:35:00 CDT 2000
URL: /DOCS/GA/78GA/Legislation/SCR/00100/SCR00113/000404.html
jhf