Text: SF02104 Text: SF02106 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 25B.8 REDUCTION IN FUNDING FOR
1 2 PROPERTY TAX CREDITS.
1 3 1. This section applies to the following appropriations
1 4 made for fiscal years beginning on or after July 1, 2004:
1 5 a. The standing unlimited appropriation made in section
1 6 425.1 for reimbursement for homestead property tax credits.
1 7 b. The standing unlimited appropriation made in section
1 8 425.39 for reimbursement for elderly and disabled property tax
1 9 credits.
1 10 c. The standing unlimited appropriation made in section
1 11 426A.1A for reimbursement for military service tax credits and
1 12 exemptions to the extent of six dollars and ninety-two cents
1 13 per one thousand dollars of assessed value of the exempt
1 14 property.
1 15 2. In order for the general assembly to reduce for the
1 16 fiscal year beginning the following July 1 any appropriation
1 17 specified in subsection 1, the bill which reduces that
1 18 appropriation shall be enacted on or before March 1 preceding
1 19 the fiscal year for which the appropriation is made.
1 20 Sec. 2. EFFECTIVE AND APPLICABILITY DATES. This Act,
1 21 being deemed of immediate importance, takes effect upon
1 22 enactment and applies to appropriations made for fiscal years
1 23 beginning on or after July 1, 2004.
1 24 EXPLANATION
1 25 This bill requires that in order for certain standing
1 26 appropriations made for property tax reimbursement to be
1 27 reduced for the following fiscal year, the bill reducing the
1 28 appropriation shall be enacted on or before March 1 preceding
1 29 that fiscal year.
1 30 The standing appropriations covered by this bill are the
1 31 homestead, elderly and disabled, and military service property
1 32 tax credit reimbursements.
1 33 The bill takes effect upon enactment and applies to
1 34 appropriations made for fiscal years beginning on or after
1 35 July 1, 2004.
2 1 LSB 5710ST 80
2 2 sc/cf/24
Text: SF02104 Text: SF02106 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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