Text: HF00650 Text: HF00652 Text: HF00600 - HF00699 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 123.183, subsection 3, paragraph a, 1 2 Code 2003, is amended to read as follows: 1 3 a. The revenueactuallycollected during each fiscal year 1 4 from the wine gallonage tax on wine imported into this state 1 5 at wholesale and sold in this state at wholesale that is in 1 6 excess of the revenueestimated to becollected from such tax 1 7as last agreed to by the state revenue estimating conference1 8 during the previous fiscal year as provided in section 8.22A 1 9 shall be deposited in the grape and wine development fund as 1 10 created in section 175A.5. However, not more than seventy- 1 11 five thousand dollars from such tax shall be deposited into 1 12 the grape and wine development fund during any fiscal year. 1 13 Sec. 2. EFFECTIVE AND APPLICABILITY DATES. 1 14 1. This Act, being deemed of immediate importance, takes 1 15 effect upon enactment. 1 16 2. This Act is retroactively applicable to July 1, 2002. 1 17 The revenue collected during the fiscal year beginning on July 1 18 1, 2002, and ending on June 30, 2003, from the wine gallonage 1 19 tax on wine imported into this state at wholesale and sold in 1 20 this state at wholesale as provided in section 123.183 that is 1 21 in excess of the revenue collected from such tax during the 1 22 fiscal year beginning July 1, 2001, and ending on June 30, 1 23 2002, shall be deposited in the grape and wine development 1 24 fund as created in section 175.5. However, not more than 1 25 seventy-five thousand dollars from such tax shall be deposited 1 26 into the fund. 1 27 EXPLANATION 1 28 This bill relates to the devotion of a portion of wholesale 1 29 wine gallonage taxes for grape and wine development programs. 1 30 The programs assist persons in establishing, improving, or 1 31 expanding vineyards and winemaking operations. Under current 1 32 law, any annual excess of actual wholesale wine gallonage tax 1 33 revenue over the amount estimated to be collected by the 1 34 revenue estimating conference is available to support the 1 35 programs. The bill provides that any annual increase in the 2 1 collection of such wholesale wine gallonage taxes over the 2 2 previous year's collection is available to support the 2 3 programs. The current law's devotion of a maximum of $75,000 2 4 annually to support the programs is maintained. The bill is 2 5 effective upon enactment and is retroactively applicable to 2 6 July 1, 2002. 2 7 LSB 1230HV 80 2 8 da/cls/14
Text: HF00650 Text: HF00652 Text: HF00600 - HF00699 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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