House Journal: Page 1575: Wednesday, April 21, 1999

	Cataldo of Polk, until his return, on request of Chiodo of Polk. 

Ways and Means Calendar
House File 769, a bill for an act relating to the classification of 
apartments in condominiums for purposes of property taxation, was 
taken up for consideration.
Lord of Dallas offered the following amendment H?1734 filed by 
him and moved its adoption:
Speaker pro tempore Rants in the chair at 7:55 p.m.
Speaker Corbett in the chair at 7:56 p.m.
H-1734
 1     Amend House File 769 as follows:
 2     1.  Page 1, line 19, by inserting after the word
 3   "habitation." the following:  "However, if such
 4   apartment would be classified as commercial property
 5   pursuant to the rules of the department of revenue and
 6   finance for the assessment year beginning January 1,
 7   2000, the taxable value of the apartment for that
 8   assessment year and subsequent assessment years shall
 9   be increased by twenty percent until such time as the
10   taxable value of the apartment equals the taxable
11   value of the apartment if it was assessed as
12   commercial property and at such time the apartment
13   shall be classified according to the rules of the
14   department of revenue and finance."
15     2.  Page 1, line 31, by inserting after the word
16   "habitation." the following:  "However, if such
17   apartment would be classified as commercial property
18   pursuant to the rules of the department of revenue and
19   finance for the assessment year beginning January 1,
20   2000, the taxable value of the apartment for that
21   assessment year and subsequent assessment years shall
22   be increased by twenty percent until such time as the
23   taxable value of the apartment equals the taxable
24   value of the apartment if it was assessed as
25   commercial property and at such time the apartment
26   shall be classified according to the rules of the
27   department of revenue and finance."
A non-record roll call was requested.

© 1999 Cornell College and League of Women Voters of Iowa

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