422.2  Purpose or object.

This chapter shall be known as the "Property Relief Act", and shall have for its purpose the direct replacement of taxes already levied or to be levied on property to the extent of the net revenue obtained from the taxes imposed herein, which shall be apportioned back to the credit of individual taxpayers on the basis of the assessed valuation of taxable property as provided in division VIII of this chapter.

Section History: Early form

  [C35, § 6943-f2; C39, § 6943.034; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 422.2]

Previous Section 422.1

Next Section 422.3

Return To Home index

© 2000 Cornell College and League of Women Voters of Iowa

Comments about this site or page? webmaster@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 Aug 16 21:03:56 CDT 2000