House Journal: Page 2155: Tuesday, June 3, 2003
5 issues relating to implementation of a land tax and
6 square footage tax, including, but not limited to,
7 whether or not maximum square footage rates and land
8 tax rates should be imposed and, if such rates are
9 recommended, the imposition of rates that have a
10 revenue neutral impact on classes of property, the
11 property tax financing portion of the school funding
12 formula, treatment of current property tax credits and
13 exemptions under a land tax and square footage tax and
14 continued state reimbursement of any credits or
15 exemptions, implementation of urban revitalization and
16 urban renewal programs under the land tax and square
17 footage tax, implementation of a payment in lieu of
18 taxes program for local government services, and
19 maintenance of equity among classes of taxpayers and
20 among taxpayers within the same class. The property
21 tax implementation committee shall also study the role
22 of property taxes in funding local government services
23 and the types of services currently funded by property
24 taxes.
25 3. The property tax implementation committee shall
26 direct three counties and cities within those counties
27 to submit data as prescribed by the committee. The
28 department of revenue and finance, in consultation
29 with the department of management, shall select the
30 three counties and the cities within those counties
31 that will be required to provide data to the
32 committee. The committee shall devise a system for
33 testing the data, including the necessary computer
34 hardware and software to allow the selected counties
35 and cities to prepare projected budgets, to determine
36 the rates for the land tax and the square footage tax
37 for those projected budgets, and to provide a sampling
38 of the effect on the various classes of property in
39 those jurisdictions. The committee shall use the data
40 and the results of the projections to resolve, and
41 make recommendations relating to, the issues described
42 in subsection 2, and related issues, in a revenue
43 neutral manner that will not result in a shift of
44 property tax burden between classes of property. The
45 committee shall submit to the general assembly by
46 October 31, 2003, October 31, 2004, and October 31,
47 2005, a report for each of those years resolving the
48 issues in subsection 2 and other related issues for
49 implementation of this Act. The reports shall include
50 detailed estimates of the cost to the counties and
Page 23
1 cities of providing the data and an estimate of the
2 cost of statewide implementation of this Act.
3 Sec. 42. EFFECTIVE AND APPLICABILITY DATES.
© 2003 Cornell College and
League of Women Voters of Iowa
Comments about this site or page?
hjourn@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Wed Jul 30 14:40:01 CDT 2003
URL: /DOCS/GA/80GA/Session.1/HJournal/02100/02155.html
jhf