Senate
File
2388
S-5189
Amend
Senate
File
2388
as
follows:
1
1.
Page
3,
line
1,
by
striking
<
2019
>
and
inserting
<
2022
>
2
2.
Page
3,
line
6,
by
striking
<
2021
>
and
inserting
<
2024
>
3
3.
Page
4,
after
line
20
by
inserting:
4
<
Sec.
___.
Section
433.4,
Code
2018,
is
amended
by
adding
5
the
following
new
subsection:
6
NEW
SUBSECTION
.
3.
For
the
assessment
years
beginning
7
January
1,
2019,
January
1,
2020,
and
January
1,
2021,
8
following
the
partial
exemption
from
taxation
under
subsection
9
2,
each
company
assessed
for
taxation
under
this
chapter
shall
10
receive
an
additional
exemption
from
taxation
on
the
value
of
11
the
company’s
property
as
provided
in
this
subsection.
12
a.
For
the
assessment
year
beginning
January
1,
2019,
the
13
amount
of
the
additional
exemption
for
each
company
shall
be
14
equal
to
twenty-five
percent
of
the
amount
of
the
company’s
15
actual
value,
as
determined
under
subsection
1,
remaining
16
following
application
of
the
exemption
under
subsection
2
for
17
the
assessment
year.
18
b.
For
the
assessment
year
beginning
January
1,
2020,
the
19
amount
of
the
additional
exemption
for
each
company
shall
be
20
equal
to
fifty
percent
of
the
amount
of
the
company’s
actual
21
value,
as
determined
under
subsection
1,
remaining
following
22
application
of
the
exemption
under
subsection
2
for
the
23
assessment
year.
24
c.
For
the
assessment
year
beginning
January
1,
2021,
the
25
amount
of
the
additional
exemption
for
each
company
shall
be
26
equal
to
seventy
percent
of
the
amount
of
the
company’s
actual
27
value,
as
determined
under
subsection
1,
remaining
following
28
application
of
the
exemption
under
subsection
2
for
the
29
assessment
year.
30
Sec.
___.
Section
433.5,
subsection
2,
Code
2018,
is
amended
31
to
read
as
follows:
32
2.
The
department
of
revenue
shall
ascertain
the
exemption
33
value
per
mile
of
the
property
of
each
company
within
this
34
state
by
dividing
the
amount
of
the
total
exemption
for
that
35
-1-
SF2388.4967
(2)
87
md/rn
1/
2
#1.
#2.
#3.
company
determined
under
section
433.4,
subsection
subsections
1
2
and
3
,
by
the
number
of
miles
of
line
of
such
company
within
2
the
state,
and
the
result
shall
be
deemed
and
held
to
be
the
3
exemption
value
per
mile
of
line
for
that
company.
>
4
4.
Page
4,
line
25,
by
striking
<
2019
>
and
inserting
<
2022
>
5
5.
Page
4,
line
26,
by
striking
<
2021
>
and
inserting
<
2024
>
6
6.
Page
10,
line
10,
by
striking
<
2019
>
and
inserting
<
2022
>
7
7.
Page
10,
line
11,
by
striking
<
2019
>
and
inserting
<
2022
>
8
8.
Page
10,
line
16,
by
striking
<
This
Act,
>
and
inserting
9
<
Except
as
specifically
provided,
this
Act
>
10
9.
Page
10,
line
21,
by
striking
<
2019
>
and
inserting
<
2022
>
11
10.
Page
10,
line
23,
by
striking
<
2019
>
and
inserting
12
<
2022
>
13
11.
Page
10,
after
line
25
by
inserting:
14
<
Sec.
___.
EFFECTIVE
DATE.
The
following
take
effect
July
15
1,
2021:
16
1.
The
section
of
this
Act
amending
section
427A.1,
17
subsection
1,
paragraphs
“c”
and
“d”.
18
2.
The
section
of
this
Act
enacting
section
427A.1,
19
subsection
6A.
20
3.
The
section
of
this
Act
amending
section
476.1D.
>
21
12.
Page
10,
line
27,
by
striking
<
2021
>
and
inserting
22
<
2024
>
23
13.
Page
11,
line
14,
by
striking
<
2019
>
and
inserting
24
<
2022
>
25
14.
By
renumbering,
redesignating,
and
correcting
internal
26
references
as
necessary.
27
______________________________
RANDY
FEENSTRA
-2-
SF2388.4967
(2)
87
md/rn
2/
2
#4.
#5.
#6.
#7.
#8.
#9.
#10.
#11.
#12.
#13.
#14.