Text: SF00005 Text: SF00007 Text: SF00000 - SF00099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 427.1, subsection 19, unnumbered
1 2 paragraph 8, Code 1999, is amended to read as follows:
1 3 For the purposes of this subsection "pollution-control
1 4 property" means personal property or improvements to real
1 5 property, or any portion thereof, used primarily to control or
1 6 abate pollution of any air or water of this state or used
1 7 primarily to enhance the quality of any air or water of this
1 8 state and "recycling property" means personal property or
1 9 improvements to real property or any portion of the property,
1 10 used primarily in the manufacturing process and resulting
1 11 directly in the conversion of waste plastic, wastepaper
1 12 products, or waste paperboard, into new raw materials or
1 13 products composed primarily of recycled material. In the
1 14 event such property shall also serve other purposes or uses of
1 15 productive benefit to the owner of the property, only such
1 16 portion of the assessed valuation thereof as may reasonably be
1 17 calculated to be necessary for and devoted to the control or
1 18 abatement of pollution, to the enhancement of the quality of
1 19 the air or water of this state, or for recycling shall be
1 20 exempt from taxation under this subsection. "Pollution-
1 21 control property" and "recycling property" do not include
1 22 property used for purposes related to the care and feeding of
1 23 livestock as defined in section 169C.1.
1 24 EXPLANATION
1 25 This bill amends the tax exemption for pollution-control
1 26 and recycling property. The bill provides that this tax
1 27 exemption is not available for property that is used for
1 28 purposes related to the care and feeding of livestock as
1 29 defined in Code section 169C.1.
1 30 LSB 1333SS 78
1 31 tm/cf/24
Text: SF00005 Text: SF00007 Text: SF00000 - SF00099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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