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
© 2001 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Fri Apr 13 03:35:32 CDT 2001
URL: /DOCS/GA/79GA/Legislation/S/03300/S03344/010411.html
jhf