House
File
2641
S-5161
Amend
the
amendment,
S-5157,
to
House
File
2641,
as
amended,
1
passed,
and
reprinted
by
the
House,
as
follows:
2
1.
Page
86,
after
line
23
by
inserting:
3
<
DIVISION
___
4
FLOOD
MITIGATION
PROGRAM
SALES
TAX
INCREMENT
CALCULATION
5
Sec.
___.
Section
418.11,
subsection
2,
paragraph
a,
Code
6
2020,
is
amended
to
read
as
follows:
7
a.
Determine
the
amount
of
sales
subject
to
the
tax
under
8
section
423.2
in
each
applicable
area
specified
in
subsection
9
3
,
during
the
corresponding
quarter
in
the
base
year
from
10
retail
establishments
in
such
areas.
However,
for
projects
11
approved
by
the
board
before
the
effective
date
of
this
12
division
of
this
Act,
the
amount
of
sales
determined
under
this
13
paragraph
may
be
adjusted
by
the
board
under
subsection
2A.
14
Sec.
___.
Section
418.11,
Code
2020,
is
amended
by
adding
15
the
following
new
subsection:
16
NEW
SUBSECTION
.
2A.
a.
For
projects
approved
by
the
board
17
before
the
effective
date
of
this
division
of
this
Act,
if
18
the
applicable
area
under
subsection
3
is
within
an
area
for
19
which
the
governor
has
proclaimed
a
disaster
emergency
or
the
20
president
of
the
United
States
has
declared
a
major
disaster
21
on
or
after
January
1,
2020,
but
before
June
30,
2020,
and
if
22
the
amount
determined
under
subsection
2,
paragraph
“c”
for
a
23
quarter
beginning
on
or
after
January
1,
2020,
is
negative,
24
the
governmental
entity
may
file
a
request
with
the
board
to
25
adjust
the
amount
determined
and
used
under
subsection
2,
26
paragraph
“a”
,
to
be
an
amount
equal
to
the
amount
determined
27
under
subsection
2,
paragraph
“b”
for
that
quarter
to
be
used
28
for
each
corresponding
quarter
for
each
of
the
next
five
years.
29
Requests
for
an
adjustment
under
this
subsection
must
be
made
30
for
each
applicable
quarter
meeting
the
criteria
of
this
31
subsection.
32
b.
Upon
expiration
of
the
five-year
period,
if
the
33
amount
under
subsection
2,
paragraph
“b”
,
exceeds
the
amount
34
determined
for
the
base
year
under
subsection
2,
paragraph
“a”
,
35
-1-
S5157.4508
(1)
88
md/jh
1/
2
#1.
prior
to
the
adjustment
under
this
subsection
2A,
the
board
1
shall
restore
the
amount
determined
and
used
under
subsection
2
2,
paragraph
“a”
to
an
amount
equal
to
the
amount
determined
3
for
the
original
base
year.
If,
however,
at
the
expiration
of
4
the
five-year
period,
the
amount
under
subsection
2,
paragraph
5
“b”
,
does
not
exceed
the
amount
determined
for
the
base
year
6
under
subsection
2,
paragraph
“a”
,
prior
to
the
adjustment
under
7
this
subsection
2A,
the
board
may
extend
the
period
of
the
8
adjustment
for
an
additional
five
years.
Similar
additional
9
reviews
shall
be
conducted
by
the
board
every
five
years
10
thereafter.
11
c.
An
adjustment
to
the
amount
determined
under
subsection
12
2,
paragraph
“a”
,
shall
not
be
construed
to
allow
the
amount
13
of
remittances
received
by
a
governmental
entity
to
otherwise
14
exceed
the
maximum
amount
permitted
under
this
chapter.
15
Sec.
___.
EFFECTIVE
DATE.
This
division
of
this
Act,
being
16
deemed
of
immediate
importance,
takes
effect
upon
enactment.
>
17
2.
By
renumbering
as
necessary.
18
______________________________
LIZ
MATHIS
______________________________
TODD
TAYLOR
-2-
S5157.4508
(1)
88
md/jh
2/
2
#2.