Text: SF00289 Text: SF00291 Text: SF00200 - SF00299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 427.1, subsection 29, unnumbered
1 2 paragraph 2, Code 2001, is amended to read as follows:
1 3 For purposes of this subsection, "methane gas conversion
1 4 property" means personal property, real property, and
1 5 improvements to real property, and machinery, equipment, and
1 6 computers assessed as real property pursuant to section
1 7 427A.1, subsection 1, paragraphs "e" and "j", used in an
1 8 operation connected with, or in conjunction with, a publicly
1 9 owned sanitary landfill to collect methane gas or other gases
1 10 produced as a by-product of waste decomposition and to convert
1 11 the gas to energy, or to collect waste that would otherwise be
1 12 collected by, or deposited with, a publicly owned sanitary
1 13 landfill in order to decompose the waste to produce methane
1 14 gas or other gases and to convert the gas to energy. However,
1 15 property used to decompose the waste and convert the waste to
1 16 gas is not eligible for this exemption.
1 17 Sec. 2. REFILING OF CLAIMS. As a result of the
1 18 retroactive application of this Act, those taxpayers who
1 19 applied for the exemption for the 1999, 2000, or 2001
1 20 assessment year and were denied the exemption for any one of
1 21 those assessment years may refile a claim for all of those
1 22 years no later than May 1, 2001.
1 23 Sec. 3. IMPLEMENTATION OF ACT. Section 25B.7 shall not
1 24 apply to this Act.
1 25 Sec. 4. EFFECTIVE DATE AND RETROACTIVE APPLICABILITY
1 26 PROVISION. This Act, being deemed of immediate importance,
1 27 takes effect upon enactment and applies retroactively to
1 28 January 1, 1999.
1 29 EXPLANATION
1 30 This bill allows a taxpayer to file an exemption from
1 31 property taxation for methane gas or other gas conversion
1 32 property if the taxpayer, in conjunction with a publicly owned
1 33 sanitary landfill, collects waste that would otherwise go to
1 34 the landfill and decomposes the waste to produce methane gas
1 35 or other gases for conversion into energy. Property used for
2 1 the decomposition process is not eligible for the exemption.
2 2 The bill applies retroactively to the assessment year
2 3 beginning January 1, 1999. Any taxpayer who was denied an
2 4 exemption for the 1999, 2000, or 2001 assessment year may
2 5 refile for the exemption for all three of those years. The
2 6 claim must be refiled by May 1, 2001.
2 7 The bill provides that Code section 25B.7, which requires
2 8 the state to fund property tax credits or exemptions enacted
2 9 after January 1, 1997, shall not apply.
2 10 The bill takes effect upon enactment.
2 11 LSB 2844SS 79
2 12 sc/pj/5
Text: SF00289 Text: SF00291 Text: SF00200 - SF00299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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