Text: SF00193 Text: SF00195 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 405A.8, Code 2003, is amended by adding
1 2 the following new subsection:
1 3 NEW SUBSECTION. 1A. a. Before the amount appropriated
1 4 under this section is allocated pursuant to the provisions of
1 5 this chapter, the amount computed in paragraph "b" shall be
1 6 deducted from the appropriation and paid to a city-county
1 7 consolidated government formed under sections 331.247 through
1 8 331.252, a multicounty consolidated government formed under
1 9 sections 331.253 through 331.256, or a community commonwealth
1 10 formed under sections 331.260 through 331.263.
1 11 b. Each year for ten years following the formation of a
1 12 city-county consolidated government, multicounty consolidated
1 13 government, or a community commonwealth government, each such
1 14 government shall be paid an amount equal to five dollars
1 15 multiplied by the population of the consolidated government or
1 16 commonwealth areas. The amount due each city-county
1 17 consolidated government, each multicounty consolidated
1 18 government, or each community commonwealth for each fiscal
1 19 year shall be paid in the form of a warrant payable to the
1 20 treasurer of the respective consolidated or commonwealth
1 21 governments by the department of revenue and finance according
1 22 to the schedule in section 405A.9.
1 23 c. The payment made under this subsection is in addition
1 24 to the personal property tax replacement allocation due the
1 25 city-county consolidated government, multicounty consolidated
1 26 government, or the community commonwealth.
1 27 Sec. 2. Section 427A.12, subsection 1, Code 2003, is
1 28 amended to read as follows:
1 29 1. A personal property tax replacement fund is established
1 30 as a permanent fund in the office of the treasurer of state,
1 31 for the purpose of reimbursing the taxing districts for their
1 32 loss of revenue from personal property taxes due to the
1 33 provisions of this chapter, determined as provided in this
1 34 section, and for making payments to city-county consolidated
1 35 governments, multicounty consolidated governments, and
2 1 community commonwealths pursuant to section 405A.8.
2 2 EXPLANATION
2 3 This bill provides that before the state appropriation to
2 4 the personal property tax replacement fund is allocated among
2 5 local governments, an amount shall be paid to city-county
2 6 consolidated governments, multicounty consolidated
2 7 governments, and community commonwealths in addition to the
2 8 amount they are allocated under the personal property tax
2 9 replacement formula. The amount to be paid to a city-county
2 10 consolidated government, a multicounty consolidated
2 11 government, or a community commonwealth is equal to $5 per
2 12 capita. The payments are to be paid for 10 years following
2 13 formation of the city-county consolidated government,
2 14 multicounty consolidated government, or the community
2 15 commonwealth.
2 16 LSB 1352XS 80
2 17 sc/pj/5
Text: SF00193 Text: SF00195 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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