Text: S03343 Text: S03345 Text: S03300 - S03399 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 514 as follows: 1 2 #1. Page 21, by inserting after line 27, the 1 3 following: 1 4 "Sec. . Section 427.1, subsection 19, 1 5 unnumbered paragraph 8, Code 2001, is amended to read 1 6 as follows: 1 7 For the purposes of this subsection "pollution- 1 8 control property" means personal property or 1 9 improvements to real property, or any portion thereof, 1 10 used primarily to control or abate pollution of any 1 11 air or water of this state or used primarily to 1 12 enhance the quality of any air or water of this state 1 13 and "recycling property" means personal property or 1 14 improvements to real property or any portion of the 1 15 property, used primarily in the manufacturing process 1 16 and resulting directly in the conversion of waste 1 17 plastic, wastepaper products, or waste paperboard, 1 18 into new raw materials or products composed primarily 1 19 of recycled material. In the event such property 1 20 shall also serve other purposes or uses of productive 1 21 benefit to the owner of the property, only such 1 22 portion of the assessed valuation thereof as may 1 23 reasonably be calculated to be necessary for and 1 24 devoted to the control or abatement of pollution, to 1 25 the enhancement of the quality of the air or water of 1 26 this state, or for recycling shall be exempt from 1 27 taxation under this subsection. "Pollution-control 1 28 property" and "recycling property" do not include 1 29 property used for purposes related to the care and 1 30 feeding of livestock as defined in section 169C.1, 1 31 except for property which is eligible for a family 1 32 farm tax credit as provided in chapter 425A. 1 33 The exemption calculated for pollution control or 1 34 recycling property used for purposes related to the 1 35 care and feeding of livestock as defined in section 1 36 169C.1, and which is eligible for a family farm tax 1 37 credit as provided in chapter 425A, is limited to the 1 38 first one hundred thousand dollars in assessed value." 1 39 #2. Title page, by striking lines 1 and 2, and 1 40 inserting the following: "An Act relating to property 1 41 tax by enacting a tax credit for certain pollution 1 42 control and recycling property and by imposing a 1 43 maximum property tax dollars limitation for counties 1 44 and providing for the Act's applicability." 1 45 #3. By renumbering as necessary. 1 46 1 47 1 48 1 49 JOHN P. KIBBIE 1 50 SF 514.706 79 2 1 sc/cls
Text: S03343 Text: S03345 Text: S03300 - S03399 Text: S Index Bills and Amendments: General Index Bill History: General Index
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