Text: SF00304 Text: SF00306 Text: SF00300 - SF00399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 SENATE FILE 305
1 2
1 3 AN ACT
1 4 RELATING TO THE PAYMENT BY A COUNTY OF THE FAMILY FARM TAX
1 5 CREDIT AND REIMBURSEMENT TO THE COUNTY OF ITS PAYMENT AND
1 6 INCLUDING AN EFFECTIVE DATE.
1 7
1 8 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 9
1 10 Section 1. CREDIT RECERTIFICATION. A county may on or
1 11 after the effective date of this Act but before June 1, 1999,
1 12 recertify to the department of revenue and finance the total
1 13 amount of family farm tax credits payable during the fiscal
1 14 year beginning July 1, 1998, if the amount originally
1 15 certified was incorrect due to the fact that the amount
1 16 certified included the total number of acres entitled to the
1 17 credit but did not represent the total amount of credit due.
1 18 As soon as the department of revenue and finance receives the
1 19 recertification and communicates its agreement to the validity
1 20 of the recertification to the county auditor, the county shall
1 21 pay from its general fund to those persons who qualified to
1 22 receive but did not receive during the fiscal year beginning
1 23 July 1, 1998, the pro rata percentage of the family farm tax
1 24 credit as recertified on agricultural land located in the
1 25 county, a sum equal to the amount of the pro rata percentage
1 26 determined pursuant to section 425A.6 of the credits correctly
1 27 recertified as agreed to by the director of revenue and
1 28 finance and the county auditor.
1 29 Sec. 2. Notwithstanding any provision in chapter 425A to
1 30 the contrary, from the amount appropriated to the family farm
1 31 tax credit fund, created in section 425A.1, to pay tax credits
1 32 during the fiscal year beginning July 1, 1999, an amount not
1 33 to exceed the amount agreed to by the director of revenue and
1 34 finance and the county auditor for each county making payments
1 35 under section 1 of this Act shall be paid to that county to be
2 1 deposited into its general fund. The amounts paid pursuant to
2 2 this section shall be paid prior to any other payments from
2 3 the family farm tax credit fund. The remaining appropriation
2 4 to the family farm tax credit fund shall be distributed as
2 5 provided in chapter 425A.
2 6 Sec. 3. EFFECTIVE DATE. This Act, being deemed of
2 7 immediate importance, takes effect upon enactment.
2 8
2 9
2 10
2 11 MARY E. KRAMER
2 12 President of the Senate
2 13
2 14
2 15
2 16 RON J. CORBETT
2 17 Speaker of the House
2 18
2 19 I hereby certify that this bill originated in the Senate and
2 20 is known as Senate File 305, Seventy-eighth General Assembly.
2 21
2 22
2 23
2 24 MICHAEL E. MARSHALL
2 25 Secretary of the Senate
2 26 Approved , 1999
2 27
2 28
2 29
2 30 THOMAS J. VILSACK
2 31 Governor
Text: SF00304 Text: SF00306 Text: SF00300 - SF00399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
© 1999 Cornell College and League of Women Voters of Iowa
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