Text: HF00670                           Text: HF00672
Text: HF00600 - HF00699                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index

House File 671

Partial Bill History

Bill Introduced: H.J. 1037
Committee Report Issued: S.J. 1087
Passed House: H.J. 1196
Passed Senate: S.J. 1177
Signed by Governor: H.J. 1925
Complete Bill History

Bill Text

PAG LIN
  1  1                                           HOUSE FILE 671     
  1  2 
  1  3                             AN ACT
  1  4 RELATING TO THE RECYCLING PROPERTY EXEMPTION FROM PROPERTY
  1  5    TAX AND INCLUDING AN APPLICABILITY DATE.  
  1  6 
  1  7 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  1  8 
  1  9    Section 1.  Section 427.1, subsection 19, unnumbered
  1 10 paragraph 8, Code 2003, is amended to read as follows:
  1 11    For the purposes of this subsection, "pollution-control
  1 12 property" means personal property or improvements to real
  1 13 property, or any portion thereof, used primarily to control or
  1 14 abate pollution of any air or water of this state or used
  1 15 primarily to enhance the quality of any air or water of this
  1 16 state and "recycling property" means personal property or
  1 17 improvements to real property or any portion of the property,
  1 18 used primarily in the manufacturing process and resulting
  1 19 directly in the conversion of waste plastic, wastepaper
  1 20 products, or waste paperboard, or waste wood products into new
  1 21 raw materials or products composed primarily of recycled
  1 22 material.  In the event such property shall also serve other
  1 23 purposes or uses of productive benefit to the owner of the
  1 24 property, only such portion of the assessed valuation thereof
  1 25 as may reasonably be calculated to be necessary for and
  1 26 devoted to the control or abatement of pollution, to the
  1 27 enhancement of the quality of the air or water of this state,
  1 28 or for recycling shall be exempt from taxation under this
  1 29 subsection.
  1 30    Sec. 2.  IMPLEMENTATION OF ACT.  Section 25B.7 does not
  1 31 apply to the exemption in section 1 of this Act.
  1 32    Sec. 3.  APPLICABILITY.  This Act applies to assessment
  1 33 years beginning on or after January 1, 2004.  
  1 34 
  1 35 
  2  1                                                             
  2  2                               CHRISTOPHER C. RANTS
  2  3                               Speaker of the House
  2  4 
  2  5 
  2  6                                                             
  2  7                               MARY E. KRAMER
  2  8                               President of the Senate
  2  9 
  2 10    I hereby certify that this bill originated in the House and
  2 11 is known as House File 671, Eightieth General Assembly.
  2 12 
  2 13 
  2 14                                                             
  2 15                               MARGARET THOMSON
  2 16                               Chief Clerk of the House
  2 17 Approved                , 2003
  2 18 
  2 19 
  2 20                            
  2 21 THOMAS J. VILSACK
  2 22 Governor

Text: HF00670                           Text: HF00672
Text: HF00600 - HF00699                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index

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