Text: HF02427 Text: HF02429 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 100B.12 TOWNSHIP FIRE DEPARTMENT
1 2 FUND.
1 3 1. A township fire department fund is created and
1 4 established as a separate and distinct fund in the state
1 5 treasury under the control of the division of fire protection
1 6 of the department of public safety.
1 7 2. Revenue for the township fire department fund shall
1 8 include, but is not limited to, the following:
1 9 a. Moneys credited to the fund pursuant to section 432.15.
1 10 b. Moneys in the form of a devise, gift, bequest,
1 11 donation, or federal or other grant intended to be used for
1 12 the purposes of the fund.
1 13 3. Moneys in the township fire department fund are not
1 14 subject to section 8.33. Notwithstanding section 12C.7,
1 15 subsection 2, interest or earnings on moneys in the fund shall
1 16 be credited to the fund.
1 17 4. Moneys in the township fire department fund are
1 18 appropriated to the division of fire protection of the
1 19 department of public safety for annual distribution to
1 20 townships that levy a property tax pursuant to section 359.43
1 21 as follows:
1 22 a. One-half of the moneys in the fund shall be distributed
1 23 to each township in the proportion that the taxable valuation
1 24 in the township bears to the entire taxable valuation of all
1 25 townships in the state.
1 26 b. One-half of the moneys in the fund shall be distributed
1 27 to each township in the proportion that the population in the
1 28 township bears to the entire population of all townships in
1 29 the state.
1 30 5. Distributions from the fund shall be used by townships
1 31 for the purchase of supplies and equipment necessary to
1 32 provide fire protection service, for facilities to house the
1 33 supplies and equipment, and to pay for training of township
1 34 fire fighters. Townships that have entered into emergency
1 35 service agreements with a municipality for fire protection
2 1 pursuant to section 28E.32 may transfer moneys received from
2 2 the fund to the municipality for the purposes specified in
2 3 this subsection.
2 4 Sec. 2. NEW SECTION. 432.15 PROPERTY INSURANCE PREMIUM
2 5 TAXES – DEPOSIT IN TOWNSHIP FIRE DEPARTMENT FUND.
2 6 The amounts paid as taxes pursuant to section 432.1,
2 7 subsection 2, from insurance on property, on insurance
2 8 policies or contracts first issued on or after January 1,
2 9 2002, or on increases in premiums on policies or contracts
2 10 issued for insurance on property prior to January 1, 2002,
2 11 shall be deposited in the township fire department fund
2 12 created in section 100B.12.
2 13 Sec. 3. RETROACTIVE APPLICABILITY. This Act applies
2 14 retroactively to January 1, 2002, for tax years beginning on
2 15 or after that date.
2 16 EXPLANATION
2 17 This bill creates the township fire department fund under
2 18 the control of the division of fire protection of the
2 19 department of public safety.
2 20 The bill provides that insurance premium taxes paid on
2 21 policies or contracts for insurance on property issued on or
2 22 after January 1, 2002, or taxes on increases in premiums on
2 23 policies or contracts issued for insurance on property before
2 24 that date, shall be credited to the fund.
2 25 Moneys in the fund are appropriated to the division of fire
2 26 protection of the department of public safety to be
2 27 distributed to those townships levying a property tax for fire
2 28 protection based on the taxable valuation in the township and
2 29 the population of the township.
2 30 Moneys from the fund received by townships are to be used
2 31 to purchase supplies and equipment, to pay for facilities to
2 32 house the supplies and equipment, and to pay for training of
2 33 township fire fighters. Townships that have entered into
2 34 emergency service agreements with a municipality for fire
2 35 protection may transfer moneys received from the fund to the
3 1 municipality for the purposes specified.
3 2 The bill applies retroactively to tax years beginning on or
3 3 after January 1, 2002.
3 4 LSB 6172HH 79
3 5 sc/sh/8
Text: HF02427 Text: HF02429 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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