Text: SF02155                           Text: SF02157
Text: SF02100 - SF02199                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

Senate File 2156

Partial Bill History

Bill Introduced: S.J. 279.2
Complete Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 427.1, subsection 19, unnumbered
  1  2 paragraph 2, Code Supplement 2003, is amended to read as
  1  3 follows:
  1  4    This exemption shall apply to new installations of
  1  5 pollution-control or recycling property beginning on January 1
  1  6 after the construction or installation of the property is
  1  7 completed.  This exemption shall apply beginning on January 1,
  1  8 1975, to existing pollution-control property if its
  1  9 construction or installation was completed after September 23,
  1 10 1970, and this exemption shall apply beginning January 1,
  1 11 1994, to recycling property.  "Pollution-control property" and
  1 12 "recycling property" do not include property used for purposes
  1 13 related to the care and feeding of livestock as defined in
  1 14 section 169C.1, except for property which is eligible for a
  1 15 family farm tax credit as provided in chapter 425A.
  1 16    The exemption calculated for pollution-control or recycling
  1 17 property used for purposes related to the care and feeding of
  1 18 livestock as defined in section 169C.1, and which is eligible
  1 19 for a family farm tax credit as provided in chapter 425A, is
  1 20 limited to the first one hundred thousand dollars in assessed
  1 21 value.  
  1 22                           EXPLANATION
  1 23    This bill amends the property tax exemption for pollution-
  1 24 control and recycling property.  The bill provides that this
  1 25 tax exemption is not available for property used for purposes
  1 26 related to the care and feeding of livestock, except property
  1 27 which is eligible for a family farm tax credit up to the first
  1 28 $100,000 in assessed value.  
  1 29 LSB 5775SS 80
  1 30 mg/gg/14

Text: SF02155                           Text: SF02157
Text: SF02100 - SF02199                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

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