Text: SSB01113 Text: SSB01115 Text: SSB01100 - SSB01199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. CREDIT RECERTIFICATION. A county may on or 1 2 after the effective date of this Act but before June 1, 1999, 1 3 recertify to the department of revenue and finance the total 1 4 amount of family farm tax credits payable during the fiscal 1 5 year beginning July 1, 1998, if the amount originally 1 6 certified was incorrect due to the fact that the amount 1 7 certified included the total number of acres entitled to the 1 8 credit but did not represent the total amount of credit due. 1 9 As soon as the department of revenue and finance receives the 1 10 recertification and communicates its agreement to the validity 1 11 of the recertification to the county auditor, the county shall 1 12 pay from its general fund to those persons who qualified to 1 13 receive but did not receive during the fiscal year beginning 1 14 July 1, 1998, the pro rata percentage of the family farm tax 1 15 credit as recertified on agricultural land located in the 1 16 county, a sum equal to the amount of the pro rata percentage 1 17 determined pursuant to section 425A.6 of the credits correctly 1 18 recertified as agreed to by the director of revenue and 1 19 finance and the county auditor. 1 20 Sec. 2. Notwithstanding any provision in chapter 425A to 1 21 the contrary, from the amount appropriated to the family farm 1 22 tax credit fund, created in section 425A.1, to pay tax credits 1 23 during the fiscal year beginning July 1, 1999, an amount not 1 24 to exceed the amount agreed to by the director of revenue and 1 25 finance and the county auditor for each county making payments 1 26 under section 1 of this Act shall be paid to that county to be 1 27 deposited into its general fund. The amounts paid pursuant to 1 28 this section shall be paid prior to any other payments from 1 29 the family farm tax credit fund. The remaining appropriation 1 30 to the family farm tax credit fund shall be distributed as 1 31 provided in chapter 425A. 1 32 Sec. 3. EFFECTIVE DATE. This Act, being deemed of 1 33 immediate importance, takes effect upon enactment. 1 34 EXPLANATION 1 35 As a result of an error in the certification of the total 2 1 amount of family farm tax credits to be allowed on 2 2 agricultural land in at least one county, the total amount of 2 3 credits for that county payable during the 1998-1999 fiscal 2 4 year was reduced. This bill requires the county to pay the 2 5 amount of the reduction to those qualifying for the family 2 6 farm tax credit. The county will subsequently be reimbursed 2 7 for the moneys paid from the appropriation made to the family 2 8 farm tax credit fund to pay credits during the 1999-2000 2 9 fiscal year. 2 10 The bill takes effect upon enactment. 2 11 LSB 2055XC 78 2 12 mg/gg/8
Text: SSB01113 Text: SSB01115 Text: SSB01100 - SSB01199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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