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
© 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: Wed Mar 5 02:30:00 CST 2003
URL: /DOCS/GA/80GA/Legislation/SF/00100/SF00194/030224.html
jhf