House Journal: Page 169: Monday, January 27, 2003
14 used to reimburse counties, to the extent not
15 previously reimbursed, that granted to taxpayers the
16 homestead credit pursuant to section 425.1 for taxes
17 payable in the fiscal year beginning July 1, 2002. If
18 the amount appropriated is insufficient to reimburse
19 all credits granted, the department shall prorate the
20 reimbursements. Payments made pursuant to this
21 subsection shall not be made sooner than March 15,
22 2003.
23 3. The appropriation in subsection 1 is in
24 addition to the appropriation made in section 425.1 as
25 limited by 2002 Iowa Acts, chapter 1171, section 175,
26 subsection 10, as amended by 2002 Iowa Acts, Second
27 Extraordinary Session, chapter 1003, section 181.
28 Sec. 2. ELDERLY AND DISABLED TAX CREDIT.
29 1. There is appropriated from the general fund of
30 the state to the department of revenue and finance for
31 the fiscal year beginning July 1, 2002, and ending
32 June 30, 2003, the following amount for the purpose
33 designated:
34 For reimbursing counties for granting elderly and
35 disabled tax credits as provided in subsection 2:
36 $ 355,349
37 2. The appropriation made in subsection 1 shall be
38 used to reimburse counties, to the extent not
39 previously reimbursed, that granted to taxpayers the
40 elderly and disabled tax credit pursuant to section
41 425.23 for taxes payable in the fiscal year beginning
42 July 1, 2002. If the amount appropriated is
43 insufficient to reimburse all credits granted, the
44 department shall prorate the reimbursements. Payments
45 made pursuant to this subsection shall not be made
46 sooner than March 15, 2003.
47 3. The appropriation in subsection 1 is in
48 addition to the appropriation made in section 425.39
49 as limited by 2002 Iowa Acts, chapter 1171, section
50 176, as amended by 2002 Iowa Acts, Second
Page 2
1 Extraordinary Session, chapter 1003, section 182.
2 Sec. 3. AGRICULTURAL LAND TAX CREDIT.
3 1. There is appropriated from the general fund of
4 the state to the department of revenue and finance for
5 the fiscal year beginning July 1, 2002, and ending
6 June 30, 2003, the following amount for the purpose
7 designated:
8 For reimbursing counties for granting agricultural
9 land tax credits as provided in subsection 2:
10 $ 798,515
11 2. The appropriation made in subsection 1 shall be
12 used to reimburse counties, to the extent not
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