Text: SF00405 Text: SF00407 Text: SF00400 - SF00499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. IOWA STATE UNIVERSITY STUDY. It is the intent
1 2 of the general assembly to provide local governments with the
1 3 means and flexibility of providing services to its citizens
1 4 while balancing citizens' concerns about high taxes. It is
1 5 further the intent of the general assembly to put in place a
1 6 property tax system that reflects the modern economy.
1 7 If funds are appropriated for this purpose, the Iowa state
1 8 university department of economics shall conduct a review of
1 9 revenue sources available to local governments in Iowa,
1 10 including taxes, fees, state appropriations, and federal
1 11 moneys. The department of economics shall also review recent
1 12 and historical statewide trends in property tax collections
1 13 and in revenue collections by local governments generally.
1 14 The review shall be conducted from the standpoint of equity,
1 15 neutrality, competitiveness, simplicity, stability, and any
1 16 other factors deemed appropriate and informative by the
1 17 department. The department may request from any state agency
1 18 or official the information and assistance needed to perform
1 19 the review.
1 20 The Iowa state university department of economics shall
1 21 submit a final report and an executive summary of the final
1 22 report to the general assembly no later than January 15, 2002.
1 23 The final report and executive summary shall include
1 24 recommendations on changes to the property tax system that
1 25 would result in greater simplification of the system, while
1 26 maintaining or increasing equity in the system.
1 27 EXPLANATION
1 28 This bill requires the department of economics at Iowa
1 29 state university to conduct a review of revenue sources
1 30 available to local governments. The department is to review
1 31 recent and historical statewide trends in property tax
1 32 collections and in revenue collections by local governments
1 33 generally.
1 34 The bill requires the department of economics to furnish a
1 35 report and executive summary to the general assembly no later
2 1 than January 15, 2002. The report and summary are to include
2 2 recommendations on changes to the property tax system.
2 3 LSB 2835SV 79
2 4 sc/gg/8
Text: SF00405 Text: SF00407 Text: SF00400 - SF00499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
© 2001 Cornell College and League of Women Voters of Iowa
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