Text: S03379 Text: S03381 Text: S03300 - S03399 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 458 as follows: 1 2 #1. Page 8, by inserting after line 8 the 1 3 following: 1 4 "Sec. . Section 427B.19A, subsection 1, as 1 5 amended by 2003 Iowa Acts, Senate File 453, if 1 6 enacted, is amended to read as follows: 1 7 1. The industrial machinery, equipment and 1 8 computers property tax replacement fund is created. 1 9 For the fiscal year beginning July 1, 1996, through 1 10 the fiscal year ending June 30, 2004, there is 1 11 appropriated annually from the general fund of the 1 12 state to the department of revenue and finance to be 1 13 credited to the industrial machinery, equipment and 1 14 computers property tax replacement fund, an amount 1 15 sufficient to implement this division. However, for 1 16 the fiscal year beginning July 1, 2003, the amount 1 17 appropriated to the department of revenue and finance 1 18 to be credited to the industrial machinery, equipment 1 19 and computers tax replacement fund isteneleven 1 20 million two hundred eighty-one thousand six hundred 1 21 eight-five dollars." 1 22 #2. Page 8, by inserting after line 31 the 1 23 following: 1 24 "Sec. . FRANCHISE TAX REVENUE ALLOCATION. 1 25 There is appropriated from the franchise tax revenues 1 26 deposited in the general fund of the state to the 1 27 department of revenue and finance for the fiscal year 1 28 beginning July 1, 2003, and ending June 30, 2004, 1 29 $8,800,000 to be allocated as follows: 1 30 1. Sixty percent to the general fund of the city 1 31 from which the tax is collected. 1 32 2. Forty percent to the county from which the tax 1 33 is collected. 1 34 If the financial institution maintains one or more 1 35 offices for the transaction of business, other than 1 36 its principal office, a portion of its franchise tax 1 37 shall be allocated to each office, based upon a 1 38 reasonable measure of the business activity of each 1 39 office. The director of revenue and finance shall 1 40 prescribe, for each type of financial institution, a 1 41 method of measuring the business activity of each 1 42 office. Financial institutions shall furnish all 1 43 necessary information for this purpose at the request 1 44 of the director. The allocation shall be distributed 1 45 quarterly. 1 46 Sec. . 2003 Iowa Acts, Senate File 453, section 1 47 28, if enacted, is repealed." 1 48 1 49 1 50 2 1 JEFF LAMBERTI 2 2 2 3 2 4 2 5 2 6 2 7 2 8 SF 458.312 80 2 9 mg/cf
Text: S03379 Text: S03381 Text: S03300 - S03399 Text: S Index Bills and Amendments: General Index Bill History: General Index
© 2003 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Fri May 2 02:30:43 CDT 2003
URL: /DOCS/GA/80GA/Legislation/S/03300/S03380/030501.html
jhf