S-3133

   Amend Senate File 587 as follows:
   1.  Page 3, line 21, by striking <a and b> and inserting <a, b, and c>
   2.  Page 4, by striking lines 4 and 5 and inserting: 
   <c.  For fiscal years beginning on or after July 1, 2023, the region’s cash flow amount, either reserved in the region’s combined account or reserved among all separate county accounts under the control of the governing board, shall not exceed forty five percent of the gross actual expenditures from the combined account or from all separate county accounts under control of the governing board for the fiscal year preceding the fiscal year in progress.>
   3.  Page 7, by striking lines 10 through 15 and inserting: 
   <Sec. ___.  Section 331.432, subsection 3, Code 2021, is amended to read as follows:
   3.  a.  Except as authorized in section 331.477, transfers of moneys between the county services fund created pursuant to section 331.424A and any other fund are prohibited. This subsection paragraph does not apply to appropriations made or the value of in-kind care and treatment provided pursuant to section 347.7, subsection 1, paragraph “c”, Code 2021, or to transfers from a county public hospital fund under section 347.7.  This paragraph is repealed July 1, 2022.
   b.  Payments or transfers of moneys from any fund of the county to a mental health and disability services region’s combined account under section 331.391 are prohibited. This paragraph applies to fiscal years beginning on or after July 1, 2022, but does not apply to transfers from a county public hospital fund under section 347.7 for the fiscal year beginning July 1, 2022, or the fiscal year beginning July 1, 2023.>
   4.  Page 10, by striking line 3 and inserting <actual expenditures of the region for the fiscal year preceding the fiscal year in progress,>
   5.  Page 10, by striking lines 8 and 9 and inserting <the actual expenditures of the region for the fiscal year preceding the fiscal year in progress, but the amount of the reduction shall not exceed the>
   6.  Page 10, by striking line 23 and inserting <actual expenditures of the region for the fiscal year preceding the fiscal year in progress,>
   7.  Page 10, by striking lines 28 and 29 and inserting <the actual expenditures of the region for the fiscal year preceding the fiscal year in progress, but the amount of the reduction shall not exceed the>
   8.  Page 11, by striking lines 6 through 11 and inserting <services region for which the amount certified during the fiscal year under section 331.391, subsection 4, paragraph “b”, exceeds five percent of the actual expenditures of the region for the fiscal year preceding the fiscal year in progress, the remaining quarterly payments of the region’s regional supplement payment shall be reduced by an amount equal to the amount by which the region’s amount certified under section 331.391, subsection 4, paragraph “b”, exceeds five percent of the actual expenditures of the region for the fiscal year preceding the fiscal year in progress, but the amount of the reduction>
   9.  Page 13, by striking lines 3 through 10 and inserting <two mental health and disability services region governing board members, two mental health and disability services region fiscal officers or agents, a member of the mental health and disability services commission who is not a governing board member or chief operating officer of a mental health and disability services region, a member of the county finance committee created in chapter 333A who is not an elected official, a representative of a provider of mental health or developmental disabilities services selected from nominees submitted by the Iowa association of community providers, a representative of a provider of mental health developmental disabilities services selected from nominees submitted by the Iowa behavioral health association, one member of the children’s behavioral health system state board who is not a governing board member or chief operating officer of a mental health and disability services region, and two chief operating officers of>
   10.  Page 13, line 18, by striking <county of origin> and inserting <the region to which the member’s county belongs>
   11.  Page 13, line 34, by striking <Basic> and inserting <In addition to application and assistance requirements under subsections 6, 7, and 9, basic>
   12.  Page 14, by striking lines 5 through 7 and inserting: 
   <b.  (1)  In the fiscal year that commenced two years prior to the>
   13.  Page 14, line 17, by striking <gross>
   14.  Page 14, line 22, by striking <gross>
   15.  Page 14, after line 25 by inserting: 
   <(c)  For applications for assistance for fiscal years beginning on or after July 1, 2023, five percent of the actual expenditures of the mental health and disability services region for the fiscal year that commenced two years prior to the fiscal year of application for assistance.>
   16.  Page 15, line 17, by striking <mandated> and inserting <core>
   17.  Page 15, line 20, by striking <consumers’> and inserting <an individual’s>
   18.  Page 15, lines 21 and 22, by striking <a mobile crisis team or other critical emergency services> and inserting <core crisis services>
   19.  Page 15, by striking lines 25 through 27.
   20.  Page 15, line 28, by striking <e.> and inserting <d.>
   21.  Page 15, line 29, by striking <consumers> and inserting <an individual>
   22.  Page 15, line 31, by striking <consumers> and inserting <individuals needing services and supports>
   23.  Page 16, line 22, after <commission,> by inserting <the children’s behavioral health system state board,>
   24.  Page 18, by striking lines 1 through 9 and inserting: 
   <Sec. ___.  EFFECTIVE DATE.  This division of this Act, being deemed of immediate importance, takes effect upon enactment.>
   25.  Page 19, by striking lines 14 through 18 and inserting: 
   <b.  For each fiscal year beginning on or after July 1, 2022, but before July 1, 2027, each county treasurer shall be paid by the department of revenue an amount equal to the sum of the commercial and industrial property tax replacement claims for all taxing authorities, or portion thereof, located in the county, as calculated in subsection 4A. The county treasurer shall pay to each taxing authority the taxing authority’s commercial and industrial property tax replacement claim, or portion thereof, as calculated in subsection 4A.>
   26.  Page 19, by striking lines 26 and 27 and inserting: 
   <b.  On or before July 1, 2022, the department of management shall calculate and report to the department of revenue>
   27.  Page 20, line 24, by striking <fourteen> and inserting <twenty-four>
   28.  Page 21, by striking lines 27 and 28 and inserting: 
   <(3)  The department of management shall calculate and report to the department of revenue the amount received by>
   29.  Page 21, line 31, by striking <2021> and inserting <2021, and the portion of the amount attributable to each county where the taxing authority is located, if applicable>
   30.  Page 22, line 21, by striking <4A> and inserting <4A, or portion thereof,>
   31.  Page 22, line 22, by striking <taxing authority> and inserting <appropriate county treasurer, as provided in subsection 2, paragraph “b”,>
   32.  Page 22, line 24, by striking <The> and inserting <After payment by the county treasurer to the taxing authority, the>
   33.  Page 25, by striking line 31 and inserting <2023, and ending June 30, 2024, shall be expended by the school>
   34.  Page 25, after line 33 by inserting: 
   <Sec. ___.  Section 300.2, Code 2021, is amended by adding the following new subsection:
   NEW SUBSECTION.  4.  a.  A levy under this chapter shall not be approved by the voters on or after the effective date of this division of this Act.
   b.  If the levy has not been discontinued under section 300.3, the authorization to impose the levy under this chapter shall terminate July 1, 2024.
   c.  Notwithstanding subsection 2, including a proposition approved at an election held before the effective date of this division of this Act, the rate of a levy imposed by a board of directors under this chapter for the fiscal year beginning July 1, 2023, shall not exceed one-half of the levy rate imposed by the board of directors for the fiscal year beginning July 1, 2022.>
   35.  Page 26, line 20, by striking <This division> and inserting <Except as otherwise provided in this division of this Act, this division>
   36.  Page 26, line 21, by striking <2022> and inserting <2024>
   37.  Page 26, after line 21 by inserting: 
   <Sec. ___.  EFFECTIVE DATE.  The following, being deemed of immediate importance, takes effect upon enactment:
   The section of this division of this Act enacting section 300.2, subsection 4.>
   38.  Page 26, line 22, by striking <This division> and inserting <Except for the section of this division of this Act enacting section 300.2, subsection 4, this division>
   39.  Page 26, line 23, by striking <2022> and inserting <2024>
   40.  Page 26, line 30, by striking <2> and inserting <1, paragraph “b”>
   41.  By striking page 26, line 31, through page 27, line 2.
   42.  By striking page 29, line 34, through page 30, line 19, and inserting: 
   <Sec. ___.  Section 425.39, subsection 1, as amended by 2021 Iowa Acts, House File 368, section 33, is amended to read as follows:
   1.  a.  The elderly and disabled property tax credit fund is created. There is appropriated annually from the general fund of the state to the department of revenue to be credited to the elderly and disabled property tax credit fund, from funds not otherwise appropriated, an amount sufficient to implement this subchapter for credits for property taxes due for claimants described in section 425.17, subsection 2, paragraph “a”, subparagraph subparagraphs (1) and (3), subject to paragraph “b”.
   b.  Regardless of the amount of the credit determined under section 425.23, subsection 1, paragraph “c”, the amount paid by the director of revenue to each county treasurer for credits for claimants described under section 425.17, subsection 2, paragraph “a”, subparagraph (3), shall not exceed the amount calculated for the claimant under section 425.23, subsection 1, paragraph “c”, subparagraph (1), and section 25B.7, subsection 1, shall not apply to the amount of the credit in excess of the amount paid by the director of revenue.>
   43.  Page 37, after line 25 by inserting: 
<DIVISION ___
TRANSIT FUNDING

   Sec. ___.  Section 28M.3, subsection 1, Code 2021, is amended to read as follows:
   1.  A regional transit district shall have all the rights, powers, and duties of a county enterprise pursuant to sections 331.462 through 331.469 as they relate to the purpose for which the regional transit district is created, including the authority to issue revenue bonds for the establishment, construction, reconstruction, repair, equipping, remodeling, extension, maintenance, and operation of works, vehicles, and facilities of a regional transit district. In addition, a regional transit district, with the approval of the board of supervisors, may issue general obligation bonds as an essential county purpose pursuant to chapter 331, subchapter IV, part 3, for the establishment, construction, reconstruction, repair, equipping, remodeling, extension, maintenance, and operation of works, vehicles, and facilities of a regional transit district. Such general obligation bonds are payable from the property tax levy authorized in section 28M.5 and from the transit hotel and motel tax imposed under section 423A.4, subsection 1, paragraph “b”, if applicable.
   Sec. ___.  Section 28M.4, subsection 3, Code 2021, is amended to read as follows:
   3.  A commission shall adopt and certify an annual budget for the regional transit district. A commission in its budget shall allocate the revenue responsibilities of each county and city participating in the regional transit district, subject to reductions in the maximum authorized property tax levy rate under section 28M.5, if applicable. A commission shall be considered a municipality for purposes of adopting and certifying a budget pursuant to chapter 24.
   Sec. ___.  Section 28M.4, Code 2021, is amended by adding the following new subsection:
   NEW SUBSECTION.  4A.  A commission may, following approval at election, impose a transit hotel and motel tax under section 423A.4, subsection 1, paragraph “b”.
   Sec. ___.  Section 28M.4, subsections 5 and 6, Code 2021, are amended to read as follows:
   5.  A commission shall levy for the tax under section 28M.5 and shall control any tax revenues paid to the regional transit district the commission administers and, including all moneys derived from the operation of the regional transit district, a transit hotel and motel tax imposed under section 423A.4, subsection 1, paragraph “b”, the sale of its the district’s property, interest on investments, or from any other source related to the regional transit district.
   6.  Tax revenues collected from a regional transit district levy or a transit hotel and motel tax under section 423A.4, subsection 1, paragraph “b”, shall be held by the county treasurer. Before the fifteenth day of each month, the county treasurer shall send the amount collected for each fund through the last day of the preceding month for direct deposit into the depository and account designated by the commission. The county treasurer shall send a notice to the secretary of the commission or the secretary’s designee stating the amount deposited, the date, the amount to be credited to each fund according to the budget, and the source of the revenue.
   Sec. ___.  Section 28M.5, subsections 1 and 4, Code 2021, are amended to read as follows:
   1.  a.  The commission, with the approval of the board of supervisors of participating counties and the city council of participating cities in the chapter 28E agreement, may, subject to the reductions required under paragraph “b”, levy annually a tax not to exceed ninety-five cents per thousand dollars of the assessed value of all taxable property in a regional transit district to the extent provided in this section. The chapter 28E agreement may authorize the commission to levy the tax at different rates within the participating cities and counties in amounts sufficient to meet the revenue responsibilities of such cities and counties as allocated in the budget adopted by the commission. However, for a city participating in a regional transit district, the total of all the tax levies imposed in the city pursuant to section 384.12, subsection 10, and this section shall not exceed the aggregate of ninety-five cents per thousand dollars of the assessed value of all taxable property in the participating city or the levy rate determined under paragraph “b”, whichever is less.
   b.  (1)  If a regional transit district imposes a transit hotel and motel tax under section 423A.4, subsection 1, paragraph “b”, the maximum levy rate authorized under this section shall be reduced as provided in this paragraph. For each fiscal year beginning on or after July 1 following the first calendar year for which the transit hotel and motel tax is imposed in the regional transit district, and until subparagraph (4) applies, the levy rate imposed under this section shall not exceed a rate equal to the rate that would be required for the fiscal year beginning July 1 following the election approving the transit hotel and motel tax to collect an amount equal to the property taxes collected by the regional transit district for the fiscal year beginning July 1 following the election approving the transit hotel and motel tax minus the amount of transit hotel and motel tax revenue received by the regional transit district for the first calendar year for which the transit hotel and motel tax is imposed.
   (2)  If the regional transit district authorizes the commission to levy the tax at different rates within the participating cities and counties, as authorized under paragraph “a”, the levy rate reduction required under this paragraph shall be applied by the department of management to each participating city and county based upon the revenue responsibilities of such cities and counties as provided in the chapter 28E agreement on the date the transit hotel and motel tax is approved at election.
   (3)  If a regional transit district increases the rate of the transit hotel and motel tax, further reductions in the maximum authorized levy rate under this section shall be implemented in the same manner as provided under subparagraphs (1) and (2) for the reductions following initial imposition of the transit hotel and motel tax.
   (4)  If the regional transit district repeals the transit hotel and motel tax, the maximum authorized levy rate shall be ninety-five cents per thousand dollars of the assessed value for fiscal years beginning after the date of termination under section 423A.4, unless the transit hotel and motel tax is reinstated.
   4.  The proceeds of the tax levy and other authorized revenues of the regional transit district shall be used for the operation and maintenance of a regional transit district, for payment of debt obligations of the district, and for the creation of a reserve fund. The commission may divide the territory of a regional transit district outside the boundaries of a city into separate service areas and impose a regional transit district levy not to exceed the maximum rate authorized by this section in each service area.
   Sec. ___.  Section 303.52, subsection 4, paragraph a, Code 2021, is amended to read as follows:
   a.  The board of trustees may by ordinance impose a local hotel and motel tax in accordance with chapter 423A. 
   Sec. ___.  Section 331.402, subsection 2, paragraph f, Code 2021, is amended to read as follows:
   f.  Impose a local hotel and motel tax in accordance with chapter 423A.
   Sec. ___.  Section 384.12, subsection 10, Code 2021, is amended to read as follows:
   10.  a.  A tax for the operation and maintenance of a municipal transit system or for operation and maintenance of a regional transit district, and for the creation of a reserve fund for the system or district, in an amount not to exceed ninety-five cents per thousand dollars of assessed value each year or the levy rate determined under paragraph “b”, if applicable, when the revenues from the transit system or district are insufficient for such purposes.
   b.  (1)  If the city participates in a regional transit district under chapter 28M that imposes a transit hotel and motel tax under section 423A.4, the maximum levy rate shall be the levy rate determined under section 28M.5, subsection 1, paragraph “b”.
   (2)  (a)  If the city imposes a transit hotel and motel tax under section 423A.4, the maximum levy rate shall be reduced as provided in this subparagraph. For each fiscal year beginning on or after July 1 following the first calendar year for which the transit hotel and motel tax is imposed in the city, and until subparagraph division (c) applies, the levy rate imposed under this subsection shall not exceed a rate equal to the rate that would be required for the fiscal year beginning July 1 following the election approving the transit hotel and motel tax to collect an amount equal to the property taxes collected by the city under this subsection for the fiscal year beginning July 1 following the election approving the transit hotel and motel tax minus the amount of transit hotel and motel tax revenue received by the city for the first calendar year for which the transit hotel and motel tax is imposed.
   (b)  If a city increases the rate of the transit hotel and motel tax, further reductions in the maximum authorized levy rate under this subsection shall be implemented in the same manner as provided under subparagraph division (a) for the reduction following initial imposition of the transit hotel and motel tax.
   (c)  If the city repeals the transit hotel and motel tax, the maximum authorized levy rate shall be ninety-five cents per thousand dollars of the assessed value for fiscal years beginning after the date of termination under section 423A.4, unless the transit hotel and motel tax is reinstated.
   Sec. ___.  Section 423A.4, Code 2021, is amended to read as follows:
   423A.4  Locally imposed Local hotel and motel tax —— transit hotel and motel tax.
   1.  a.  A city, a county, or a land use district created under chapter 303, subchapter IV, may impose, by ordinance of the city council or by resolution of the board of supervisors or by ordinance of the board of trustees, a local hotel and motel tax, at a rate not to exceed seven percent, which shall be imposed in increments of one or more full percentage points upon the sales price from the renting of lodging. The tax when imposed by a city shall apply only within the corporate boundaries of that city, when imposed by a county shall apply only outside incorporated areas within that county, and when imposed by a land use district shall apply only within the corporate boundaries of that district. A local hotel and motel tax imposed by a city or county shall not be imposed within the corporate boundaries of a land use district during any period of time that the land use district is imposing a local hotel and motel tax.
   b.  A regional transit district or a city that is not participating in a regional transit district may impose, by resolution of the regional transit district commission or by ordinance of the city council, a transit hotel and motel tax, at a rate not to exceed five percent, which shall be imposed in increments of one or more full percentage points upon the sales price from the renting of lodging. The tax when imposed by a regional transit district shall apply only within the boundaries of the regional transit district and may be imposed in addition to any tax imposed under paragraph “a”. The tax when imposed by a city shall apply only within the corporate boundaries of that city and may be imposed in addition to any tax imposed under paragraph “a”.
   2.  Within ten days of the election at which a majority of those voting on the question favors the imposition, repeal, or change in the rate of the local hotel and motel tax or the transit hotel and motel tax, the county auditor shall give written notice by sending a copy of the abstract of votes from the favorable election to the director of revenue.
   3.  A local hotel and motel tax imposed by a city, county, or land use district shall be imposed on January 1 or July 1, following the notification of the director of revenue.  A transit hotel and motel tax imposed by a regional transit district or a city shall be imposed on January 1, following the notification of the director of revenue. Once imposed, the tax shall remain in effect at the rate imposed for a minimum of one year. A local hotel and motel tax or a transit hotel and motel tax shall terminate only on June 30 or December 31. At least forty-five days prior to the tax being effective or prior to a revision in the tax rate or prior to the repeal of the tax, a city, county, or land use district, or regional transit district shall provide notice by mail of such action to the director of revenue. The director shall have the authority to waive the notice requirement.
   4.  a.  A city, county, or land use district shall impose or repeal a hotel and motel tax or increase or reduce the tax rate only after an election at which a majority of those voting on the question favors imposition, repeal, or change in rate.  A regional transit district or city shall impose or repeal a transit hotel and motel tax or increase or reduce the tax rate only after an election at which a majority of those voting on the question favors imposition, repeal, or change in rate. However, a local hotel and motel tax of a city or county shall not be repealed or reduced in rate if obligations are outstanding which are payable as provided in section 423A.7, unless funds sufficient to pay the principal, interest, and premium, if any, on the outstanding obligations at and prior to maturity have been properly set aside and pledged for that purpose.
   b.  (1)  If the local hotel and motel tax applies only within the corporate boundaries of a city, only the registered voters of the city shall be permitted to vote. The election shall be held at the time of the regular city election or at a special election called for that purpose.
   (2)  If the local hotel and motel tax applies only in the unincorporated areas of a county or only within the corporate boundaries of a land use district, only the registered voters of the unincorporated areas of the county or the registered voters of the land use district, as applicable, shall be permitted to vote. The election shall be held at the time of the general election or at a special election called for that purpose.
   (3)  For a transit hotel and motel tax imposed by a regional transit district, only the registered voters of the regional transit district shall be permitted to vote. The election shall be held at the time of the general election or the regular city election.
   (4)  For a transit hotel and motel tax imposed by a city, only the registered voters of the city shall be permitted to vote. The election shall be held at the time of the general election or the regular city election.
   5.  The locally imposed local hotel and motel tax and the transit hotel and motel tax shall be collected and remitted as provided in section 423A.5A.
   Sec. ___.  Section 423A.5A, subsection 3, Code 2021, is amended to read as follows:
   3.  Unless otherwise provided in this section, the state-imposed tax under section 423A.3 and any locally, the local hotel and motel tax imposed tax under section 423A.4, and the transit hotel and motel tax imposed under section 423A.4, shall be collected by the lodging provider from the user of that lodging and shall be remitted to the department. The lodging provider shall add the state-imposed tax to the sales price of the lodging and the tax, when collected, shall be stated as a distinct item, separate and apart from the sales price of the lodging and from the locally imposed tax taxes imposed under section 423A.4, if any. The lodging provider shall add the locally imposed each tax imposed under section 423A.4, if any, to the sales price of the lodging and the tax, when collected, shall be stated as a distinct item, separate and apart from the sales price of the lodging, and from the state-imposed tax, and from the other taxes imposed under section 423A.4.
   Sec. ___.  Section 423A.6, subsections 1, 3, and 4, Code 2021, are amended to read as follows:
   1.  The director of revenue shall administer the state, and local, and transit hotel and motel tax taxes as nearly as possible in conjunction with the administration of the state sales tax law, except that portion of the law which implements the streamlined sales and use tax agreement. The director shall provide appropriate forms, or provide on the regular state tax forms, for reporting state, and local, and transit hotel and motel tax liability. All moneys received or refunded one hundred eighty days after the date on which a city, county, or land use district, or regional transit district, terminates its local hotel and motel tax or transit hotel and motel tax and all moneys received from the state hotel and motel tax shall be deposited in or withdrawn from the general fund of the state. 
   3.  The director, in consultation with local officials, shall collect and account for a local hotel and motel tax and a transit hotel and motel tax and shall credit all revenues to the local transient guest tax fund created in section 423A.7. Local authorities shall not require any tax permit not required by the director of revenue.
   4.  Section 422.25, subsection 4, sections 422.30, 422.67, and 422.68, section 422.69, subsection 1, sections 422.70, 422.71, 422.72, 422.74, and 422.75, section 423.14, subsection 1, and sections 423.23, 423.24, 423.25, 423.31, 423.33, 423.35, 423.37 through 423.42, and 423.47, consistent with the provisions of this chapter, apply with respect to the taxes authorized under this chapter, in the same manner and with the same effect as if the state, and local, and transit hotel and motel taxes were retail sales taxes within the meaning of those statutes. Notwithstanding this subsection, the director shall provide for quarterly filing of returns and for other than quarterly filing of returns both as prescribed in section 423.31. The director may require all persons who are engaged in the business of deriving any sales price subject to tax under this chapter to register with the department. All taxes collected under this chapter by a retailer, lodging provider, lodging facilitator, lodging platform, or any other person are deemed to be held in trust for the state of Iowa and the local jurisdictions imposing the taxes.
   Sec. ___.  Section 423A.7, subsections 2 and 3, Code 2021, are amended to read as follows:
   2.  All moneys in the local transient guest tax fund shall be remitted at least quarterly by the department, pursuant to rules of the director of revenue, to each city in the amount collected under section 423A.4, subsection 1, paragraph “a”, from businesses in that city, to each county in the amount collected under section 423A.4, subsection 1, paragraph “a”, from businesses in the unincorporated areas of the county, and to each land use district in the amount collected under section 423A.4, subsection 1, paragraph “a”, from businesses in that land use district, to each regional transit district in the amount collected under section 423A.4, subsection 1, paragraph “b”, from businesses within the boundaries of the regional transit district and to each city in the amount collected under section 423A.4, subsection 1, paragraph “b”, from businesses in that city.
   3.  Moneys received by the city from this fund collected under section 423A.4, subsection 1, paragraph “a”, shall be credited to the general fund of the city, subject to the provisions of subsection 4.
   Sec. ___.  Section 423A.7, Code 2021, is amended by adding the following new subsection:
   NEW SUBSECTION.  6.  a.  The revenue derived by a regional transit district from the transit hotel and motel tax authorized by section 423A.4 shall be expended exclusively for the purposes of the regional transit district under chapter 28M and shall result in a reduction in the maximum levy rate for the regional transit district, as provided in section 28M.5, subsection 1, paragraph “b”. However, the amount of revenue derived by the regional transit district in the second calendar year that transit hotel and motel tax is imposed that exceeds the amount of revenue derived by the regional transit district in the first calendar year that transit hotel and motel tax is imposed shall be used for property tax relief for the levy under section 28M.5 in addition to the reduction to the levy rate as the result of the revenue derived in the first calendar year that the transit hotel and motel tax is imposed.
   b.  The revenue derived by a city from the transit hotel and motel tax authorized by section 423A.4 shall be expended exclusively for the operation and maintenance of a municipal transit system and shall result in a reduction in the maximum levy rate for the city under section 384.12, subsection 10. However, the amount of revenue derived by the city in the second calendar year that transit hotel and motel tax is imposed that exceeds the amount of revenue derived by the city in the first calendar year that transit hotel and motel tax is imposed shall be used for property tax relief for the levy under section 384.12, subsection 10, in addition to the reduction to the levy rate as the result of the revenue derived in the first calendar year that the transit hotel and motel tax is imposed.>
   44.  By renumbering as necessary.

______________________________
DAN DAWSON