House Journal: Page 1798: Thursday, May 1, 2003
38 family farm tax credits under section 426.1:
39 $ 35,497,624
40 8. For reimbursement for the military service tax
41 credit under section 426A.1A:
42 $ 2,569,712
43 9. For administration expenses of the state
44 unemployment compensation law under chapter 96:
45 $ 450,000
46 10. For payment of certain interest costs due the
47 federal government under the federal Cash Management
48 and Improvement Act under section 421.31:
49 $ 550,000
50 11. For funding the state's deferred compensation
Page 6
1 program established for state employees under section
2 509A.12:
3 $ 56,501
4 Sec. 12. ELDERLY AND DISABLED CREDIT.
5 Notwithstanding the standing appropriation in section
6 425.39, the amount appropriated from the general fund
7 of the state under section 425.39, for the fiscal year
8 beginning July 1, 2003, and ending June 30, 2004, for
9 purposes of implementing the elderly and disabled
10 credit and reimbursement portion of the extraordinary
11 property tax and reimbursement division of chapter
12 425, shall not exceed $16,651,800. The director shall
13 pay, in full, all claims to be paid during the fiscal
14 year beginning July 1, 2003, for reimbursement of rent
15 constituting property taxes paid. If the amount of
16 claims for credit for property taxes due to be paid
17 during the fiscal year beginning July 1, 2003, exceeds
18 the amount remaining after payment to renters, the
19 director of revenue and finance shall prorate the
20 payments to the counties for the property tax credit.
21 In order for the director to carry out the
22 requirements of this section, notwithstanding any
23 provision to the contrary in sections 425.16 through
24 425.39, claims for reimbursement for rent constituting
25 property taxes paid filed before May 1, 2004, shall be
26 eligible to be paid in full during the fiscal year
27 ending June 30, 2004, and those claims filed on or
28 after May 1, 2004, shall be eligible to be paid during
29 the fiscal year beginning July 1, 2004, and the
30 director is not required to make payments to counties
31 for the property tax credit before June 15, 2004.
32 Sec. 13. REDUCTION IN CREDITS NOT APPLICABLE. The
33 provision in section 25B.7 relating to the proration
34 of the property tax credits does not apply with
35 respect to the amount of state reimbursement for
36 property tax credits under this division.
© 2003 Cornell College and
League of Women Voters of Iowa
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