The treasurer of state shall transfer from the motor fuel tax fund to the general fund of the state that portion of moneys collected under this chapter attributable to motor fuel used in watercraft computed as follows:
1. Determine monthly the total amount of motor fuel tax collected under this chapter and multiply the amount by nine- tenths of one percent.
2. Subtract from the figure computed pursuant to subsection 1 of this section three percent of the figure for administrative costs and further subtract from the figure the amounts refunded to commercial fishers pursuant to section 452A.17, subsection 13. All moneys remaining after claims for refund and the cost of administration have been made shall be transferred to the general fund of the state.
[C73, 75, 77, 79, 81, § 324.84]
84 Acts, ch 1012, § 1 ~IC93, § 452A.84 ~I94 Acts, ch 1107, §71
Referred to in § 452A.79
Iowa General Assembly
Search: Iowa Code 1995
© 1996 Cornell College and League of Women Voters of Iowa
Comments? webmaster@legis.iowa.gov.
Last update: Thu Feb 8 18:14:51 CST 1996
URL: /IACODE/1995/452A/84.html
jhf