Text: H08681 Text: H08683 Text: H08600 - H08699 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 2622, as amended, passed, and 1 2 reprinted by the House, as follows: 1 3 #1. By striking page 9, line 20, through page 10, 1 4 line 16. 1 5 #2. Page 10, line 20, by striking the words "tax- 1 6 deferred savings" and inserting the following: 1 7 "qualified retirement plan". 1 8 #3. By striking page 12, line 22 through page 13, 1 9 line 35 and inserting the following: 1 10 "Sec. . Section 422.43, subsection 11, Code 1 11 Supplement 2001, is amended by adding the following 1 12 new unnumbered paragraph: 1 13 NEW UNNUMBERED PARAGRAPH. For purposes of the tax 1 14 on enumerated services under this subsection, service 1 15 charges of financial institutions do not include 1 16 surcharges assessed with regard to nonproprietary ATM 1 17 transactions. This paragraph is repealed June 30, 1 18 2003." 1 19 #4. Page 16, by inserting after line 32 the 1 20 following: 1 21 "Sec. . Section 425.15, Code 2001, is amended 1 22 to read as follows: 1 23 425.15 DISABLED VETERAN TAX CREDIT. 1 24 If the owner of a homestead allowed a credit under 1 25 this chapter is a veteran of any of the military 1 26 forces of the United States, who acquired the 1 27 homestead under 38 U.S.C. } 21.801, 21.802, or 38 1 28 U.S.C. } 2101, 2102, the credit allowed on the 1 29 homestead from the homestead credit fund shall be the 1 30 entire amount of the tax levied on the homestead. The 1 31 credit allowed shall be continued to the estate of a 1 32 veteran who is deceased or the surviving spouse and 1 33 any child, as defined in section 234.1, who are the 1 34 beneficiaries of a deceased veteran, so long as the 1 35 surviving spouse remains unmarried. This section is 1 36 not applicable to the holder of title to any homestead 1 37 whose annual income, together with that of the 1 38 titleholder's spouse, if any, for the last preceding 1 39 twelve-month income tax accounting period exceeds 1 40twenty-fivethirty-five thousand dollars. For the 1 41 purpose of this section "income" means taxable income 1 42 for federal income tax purposes plus income from 1 43 securities of state and other political subdivisions 1 44 exempt from federal income tax. A veteran or a 1 45 beneficiary of a veteran who elects to secure the 1 46 credit provided in this section is not eligible for 1 47 any other real property tax exemption provided by law 1 48 for veterans of military service. If a veteran 1 49 acquires a different homestead, the credit allowed 1 50 under this section may be claimed on the new homestead 2 1 unless the veteran fails to meet the other 2 2 requirements of this section." 2 3 #5. Page 18, by inserting after line 2 the 2 4 following: 2 5 "Sec. . Section 427.1, subsection 2, Code 2 6 Supplement 2001, is amended by adding the following 2 7 new unnumbered paragraph: 2 8 NEW UNNUMBERED PARAGRAPH. The operation of bingo 2 9 games on property of a school corporation shall not 2 10 adversely affect the exemption of that property under 2 11 this subsection if all proceeds, in excess of 2 12 expenses, are used for the legitimate purposes of the 2 13 school corporation." 2 14 #6. Page 18, by inserting after line 12 the 2 15 following: 2 16 "Sec. . Section 427.1, subsection 8, Code 2 17 Supplement 2001, is amended by adding the following 2 18 new unnumbered paragraph: 2 19 NEW UNNUMBERED PARAGRAPH. The operation of bingo 2 20 games on property of a literary, scientific, 2 21 charitable, benevolent, agricultural, and religious 2 22 institutions and societies shall not adversely affect 2 23 the exemption of that property under this subsection 2 24 if all proceeds, in excess of expenses, are used for 2 25 the legitimate purposes of the institutions or 2 26 societies. 2 27 Sec. . Section 427.1, subsection 9, Code 2 28 Supplement 2001, is amended by adding the following 2 29 new unnumbered paragraph: 2 30 NEW UNNUMBERED PARAGRAPH. The operation of bingo 2 31 games on property of an educational institution shall 2 32 not adversely affect the exemption of that property 2 33 under this subsection if all proceeds, in excess of 2 34 expenses, are used for the legitimate purposes of the 2 35 educational institution." 2 36 #7. Page 21, by striking lines 33 through 35. 2 37 #8. Page 22, by striking lines 24 through 29. 2 38 #9. By striking page 22, line 30, through page 23, 2 39 line 3, and inserting the following: 2 40 "Sec. . 2 41 1. ABATEMENT OF SALES AND USE TAXES. The director 2 42 of revenue and finance shall abate unpaid state sales 2 43 and use taxes and local sales and services taxes owed 2 44 by any foundry located in Lee or Jefferson county on 2 45 purchases of tangible personal property used by the 2 46 foundry in making patterns, molds, or dies which 2 47 purchases occurred between July 1, 1997, and the 2 48 effective date of this section. 2 49 2. REFUNDS. If the state sales and use taxes and 2 50 local sales and services taxes have been paid on the 3 1 purchases of tangible personal property which occurred 3 2 between July 1, 1997, and the effective date of this 3 3 section and which taxes would have been abated under 3 4 subsection 1 if not paid, then such taxes and any 3 5 interest and penalties, that were paid, are eligible 3 6 for refund. However, refunds shall not be allowed 3 7 unless claims are filed prior to October 1, 2002, and 3 8 shall be limited to twenty-five thousand dollars in 3 9 the aggregate. If the amount of claims totals more 3 10 than twenty-five thousand dollars in the aggregate, 3 11 the department of revenue and finance shall prorate 3 12 the twenty-five thousand dollars among all claimants 3 13 in relation to the amounts of the claimants' valid 3 14 claims." 3 15 #10. Page 23, by inserting before line 4 the 3 16 following: 3 17 "Sec. . VOLUNTEER FIRE FIGHTERS PENSION TASK 3 18 FORCE – REPORT. A volunteer fire fighters pension 3 19 task force is created concerning the establishment of 3 20 a pension system for volunteer fire fighters in this 3 21 state. The task force shall examine pension plans 3 22 established by other states for volunteer fire 3 23 fighters and shall solicit information from volunteer 3 24 fire fighters, and cities and townships with volunteer 3 25 fire fighters, concerning the establishment of a 3 26 pension system for volunteer fire fighters. The task 3 27 force shall also identify and examine issues relating 3 28 to volunteer fire departments' attraction and 3 29 retention of fire fighters and shall propose solutions 3 30 to these issues of attraction and retention. 3 31 Membership of the task force is to be determined by 3 32 the legislative council. Members shall be appointed 3 33 by the legislative council. The membership shall 3 34 include, but not be limited to, the following: 3 35 1. The commissioner of insurance or the 3 36 commissioner's designee. 3 37 2. The treasurer of state or the treasurer's 3 38 designee. 3 39 3. A representative of a pension system 3 40 established pursuant to Code chapter 411. 3 41 4. A representative of the Iowa public employees' 3 42 retirement system. 3 43 5. A representative of a pension system 3 44 established for private sector employees. 3 45 6. A representative of the state fire and 3 46 emergency response council. 3 47 7. A representative of volunteer fire fighters in 3 48 the state. 3 49 8. A representative of township trustees. 3 50 9. A representative of the Iowa league of cities. 4 1 The legislative service bureau and the legislative 4 2 fiscal bureau shall provide staffing assistance to the 4 3 task force. The department of management shall 4 4 provide other assistance to the task force in 4 5 completing its duties. 4 6 The task force shall submit a report to the general 4 7 assembly by January 1, 2003. The report shall contain 4 8 the findings and recommendations of the task force." 4 9 #11. Page 23, by inserting before line 4, the 4 10 following: 4 11 Sec. . IMPLEMENTATION OF ACT. Section 25B.7 4 12 does not apply to the section of this Act amending 4 13 section 425.15 relating to the disabled veteran tax 4 14 credit." 4 15 #12. Page 23, by striking lines 17 through 20. 4 16 #13. Page 23, by striking lines 26 through 30 and 4 17 inserting the following: 4 18 " . The section of this Act that provides for 4 19 the abatement of sales and use taxes owed or the 4 20 refund of sales and use tax paid on the purchases of 4 21 certain tangible personal property by a foundry, being 4 22 deemed of immediate importance, takes effect upon 4 23 enactment." 4 24 #14. Page 23, by inserting after line 33 the 4 25 following: 4 26 " . The section of this Act amending section 4 27 425.15, being deemed of immediate importance, takes 4 28 effect upon enactment and applies retroactively to 4 29 January 1, 2002, for claims filed or on file on or 4 30 after that date." 4 31 #15. Title page, line 5, by inserting after the 4 32 word "taxes" the following: ", directing a study,". 4 33 #16. By renumbering, relettering, or redesignating 4 34 and correcting internal references as necessary. 4 35 HF 2622S 4 36 mg/cc/26
Text: H08681 Text: H08683 Text: H08600 - H08699 Text: H Index Bills and Amendments: General Index Bill History: General Index
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