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
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