Text: SF00188 Text: SF00190 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. NEW SECTION. 100B.12 FIRE FIGHTER 1 2 PREPAREDNESS FUND. 1 3 1. A fire fighter preparedness fund is created as a 1 4 separate and distinct fund in the state treasury under the 1 5 control of the division of fire protection of the department 1 6 of public safety. 1 7 2. Revenue for the fire fighter preparedness fund shall 1 8 include, but is not limited to, the following: 1 9 a. Moneys credited to the fund pursuant to section 432.15. 1 10 b. Moneys in the form of a devise, gift, bequest, 1 11 donation, or federal or other grant intended to be used for 1 12 the purposes of the fund. 1 13 3. Moneys in the fire fighter preparedness fund are not 1 14 subject to section 8.33. Notwithstanding section 12C.7, 1 15 subsection 2, interest or earnings on moneys in the fund shall 1 16 be credited to the fund. 1 17 4. Moneys in the fire fighter preparedness fund are 1 18 appropriated to the division of fire protection of the 1 19 department of public safety to be used annually to provide 1 20 fire fighter training and training equipment around the state. 1 21 Sec. 2. NEW SECTION. 432.15 INSURANCE TAXES FOR FIRE 1 22 FIGHTER PREPAREDNESS. 1 23 Of the amounts paid as taxes pursuant to section 432.1, 1 24 subsection 3, from insurance on other than life, one-eighth of 1 25 such amount shall be deposited in the fire fighter 1 26 preparedness fund created in section 100B.12. 1 27 Sec. 3. RETROACTIVE APPLICABILITY. Section 2 of this Act 1 28 applies retroactively to January 1, 2003, for tax years 1 29 beginning on or after that date. 1 30 EXPLANATION 1 31 This bill creates the fire fighter preparedness fund under 1 32 the control of the division of fire protection of the 1 33 department of public safety. 1 34 The bill provides that 1/8 of the insurance premium taxes 1 35 paid on insurance other than for life shall be credited to the 2 1 fund. 2 2 Moneys in the fund are appropriated to the division of fire 2 3 protection of the department of public safety to provide fire 2 4 fighter training and training equipment around the state. 2 5 The section of the bill that dedicates premium tax revenues 2 6 applies retroactively to tax years beginning on or after 2 7 January 1, 2003. 2 8 LSB 2295SS 80 2 9 mg/sh/8
Text: SF00188 Text: SF00190 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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