For those cities and counties which applied for an exception under section 444.25, subsection 3, paragraph "d", for the fiscal year beginning July 1, 1993, but did not apply for that exception for the fiscal year beginning July 1, 1994, the maximum amount of property tax dollars which may be certified by the city or county for taxes payable in the fiscal year beginning July 1, 1994, shall not exceed the sum of the following:
1. The product of the amount of property tax dollars certified for taxes payable in the fiscal year beginning July 1, 1993, and seventeen-hundreths of one percent.
2. The product of the amount of property tax dollars certified for taxes payable in the fiscal year beginning July 1, 1993, and seventeen-hundreths of one percent plus the amount of property tax dollars certified for taxes payable in the fiscal year beginning July 1, 1993.
93 Acts, ch 145, §4
Referred to in § 444.25
Iowa General Assembly
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