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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