Text: SF00332 Text: SF00334 Text: SF00300 - SF00399 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 2295SV 80
2 9 mg/sh/8
Text: SF00332 Text: SF00334 Text: SF00300 - SF00399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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