Except as otherwise provided in section 312.2, subsection 15, all revenues derived from the use tax on motor vehicles, trailers, and motor vehicle accessories and equipment as collected pursuant to sections 423.7 and 423.7A shall be deposited and credited to the road use tax fund and shall be used exclusively for the construction, maintenance, and supervision of public highways.
1. Notwithstanding any provision of this section which provides that all revenues derived from the use tax on motor vehicles, trailers, and motor vehicle accessories and equipment as collected pursuant to section 423.7 and section 423.7A shall be deposited and credited to the road use tax fund, eighty percent of the revenues shall be deposited and credited as follows:
a. (1) Twenty-five percent of all such revenue, up to a maximum of four million two hundred fifty thousand dollars per quarter, shall be deposited into and credited to the Iowa comprehensive petroleum underground storage tank fund created in section 455G.3, and the moneys so deposited are a continuing appropriation for expenditure under chapter 455G, and moneys so appropriated shall not be used for other purposes.
(2) Beginning January 1, 1998, through June 30, 1999, four million two hundred fifty thousand dollars per quarter shall be credited to the department of economic development. However, not more than a total of twenty-five million dollars shall be credited to the department. The moneys so credited are a continuing appropriation to be expended to carry out the provisions of section 15E.208, and the moneys shall not be used for other purposes.
b. Beginning on July 1, 1993, three and one-half percent of the revenue, not to exceed one million dollars per quarter, derived from the use tax on motor vehicles, trailers, and motor vehicle accessories and equipment as collected pursuant to section 423.7, shall be used to support value-added agricultural products and processes as follows:
(1) Ninety-one and one-quarter percent of these moneys shall be deposited in the value-added agricultural products and processes financial assistance fund as created in section 15E.112.
(2) Eight and three-quarters percent of these moneys shall be deposited in the renewable fuels and coproducts fund as created in section 159A.7.
Moneys deposited according to this paragraph "b" are a continuing appropriation for expenditure under sections 15E.112 and 159A.7.
c. Any such revenues remaining shall be credited to the road use tax fund.
2. Notwithstanding any other provision of this section that provides that all revenue derived from the use tax on motor vehicles, trailers, and motor vehicle accessories and equipment as collected pursuant to section 423.7 shall be deposited and credited to the road use tax fund, twenty percent of the revenues shall be credited and deposited as follows: one-half to the road use tax fund and one-half to the primary road fund to be used for the commercial and industrial highway network, except to the extent that the department directs that moneys are deposited in the highway safety patrol fund created in section 80.41 to fund the appropriations made from the highway safety patrol fund in accordance with the provisions of section 80.41. The department shall determine the amount of moneys to be credited under this subsection to the highway safety patrol fund and shall deposit that amount into the highway safety patrol fund.
3. All other revenue arising under the operation of this chapter shall be credited to the general fund of the state.
[C39, § 6943.124; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 423.24]
87 Acts, ch 232, § 26; 90 Acts, ch 1235, § 8; 91 Acts, ch 252, § 1; 92 Acts, ch 1099, §6, 10; 92 Acts, ch 1239, §41; 92 Acts, 2nd Ex, ch 1001, § 212; 93 Acts, ch 180, §7; 94 Acts, ch 1119, §29; 95 Acts, ch 215, §1; 95 Acts, ch 220, §24; 96 Acts, ch 1125, § 6; 98 Acts, ch 1207, §13-17, 19
Referred to in § 15E.112, 80.41, 159A.7, 307.38, 312.1, 312.2, 321.34, 327I.26, 455G.3, 455G.6, 455G.8, 455G.10, 455G.21
Road use tax fund, § 312.1
Subsection 1, paragraph a, subparagraph (2), will be stricken effective July 1, 1999; 95 Acts, ch 215, §29; 98 Acts, ch 1207, §19
Subsection 1, paragraph b, will be stricken effective July 1, 2000; 97 Acts, ch 207, §11, 13, 15
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