Text: SSB01159                          Text: SSB01161
Text: SSB01100 - SSB01199               Text: SSB Index
Bills and Amendments: General Index     Bill History: General Index


Senate Study Bill 1160

Bill Text

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    Iowa state university department of economics shall conduct
  1  8 a review of revenue sources available to local governments in
  1  9 Iowa, including taxes, fees, state appropriations, and federal
  1 10 moneys.  The department of economics shall also review recent
  1 11 and historical statewide trends in property tax collections
  1 12 and in revenue collections by local governments generally.
  1 13 The review shall be conducted from the standpoint of equity,
  1 14 neutrality, competitiveness, simplicity, stability, and any
  1 15 other factors deemed appropriate and informative by the
  1 16 department.  The department may request from any state agency
  1 17 or official the information and assistance needed to perform
  1 18 the review.
  1 19    Iowa state university department of economics shall submit
  1 20 a final report and an executive summary of the final report to
  1 21 the general assembly no later than January 15, 2002.  The
  1 22 final report and executive summary shall include
  1 23 recommendations on changes to the property tax system that
  1 24 would result in greater simplification of the system, while
  1 25 maintaining or increasing equity in the system.  
  1 26                           EXPLANATION
  1 27    This bill requires the department of economics at Iowa
  1 28 State University to conduct a review of revenue sources
  1 29 available to local governments.  The department is to review
  1 30 recent and historical statewide trends in property tax
  1 31 collections and in revenue collections by local governments
  1 32 generally.
  1 33    The bill requires the department of economics to furnish a
  1 34 report and executive summary to the general assembly no later
  1 35 than January 15, 2002.  The report and summary are to include
  2  1 recommendations on changes to the property tax system.  
  2  2 LSB 2835SC 79
  2  3 sc/gg/8
     

Text: SSB01159                          Text: SSB01161
Text: SSB01100 - SSB01199               Text: SSB Index
Bills and Amendments: General Index     Bill History: General Index

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