House
File
718
H-1268
Amend
House
File
718
as
follows:
1
1.
Page
1,
after
line
2
by
inserting:
2
<
Sec.
___.
Section
8.57E,
subsection
2,
Code
2023,
is
3
amended
by
adding
the
following
new
paragraph:
4
NEW
PARAGRAPH
.
c.
For
the
fiscal
year
beginning
July
1,
5
2023,
and
each
fiscal
year
thereafter,
there
is
transferred
6
from
the
taxpayer
relief
fund
to
the
general
fund
of
the
state
7
the
lesser
of
the
balance
of
the
taxpayer
relief
fund
and
an
8
amount
equal
to
the
quotient
of
the
assessed
value
of
all
9
taxable
property
in
the
state
subject
to
the
property
tax
levy
10
under
section
257.3
divided
by
one
thousand
dollars,
to
be
11
used
for
the
payment
of
increased
foundation
aid
under
section
12
257.16
resulting
from
the
reduction
of
the
property
tax
levy
13
rate
under
section
257.3
in
this
Act.
>
14
2.
Page
18,
line
24,
by
striking
<
of
each
even-numbered
15
year
>
16
3.
Title
page,
line
4,
after
<
procedures,
>
by
inserting
17
<
making
transfers,
>
18
4.
By
renumbering
as
necessary.
19
______________________________
KAUFMANN
of
Cedar
-1-
HF
718.1882
(2)
90
md/jh
1/
1
#1.
#2.
#3.
#4.