Senate File 565 S-3170 Amend Senate File 565 as follows: 1 1. Page 38, after line 1 by inserting: 2 < DIVISION ___ 3 COMPOSITE RETURN EXCEPTION 4 Sec. ___. COMPOSITE RETURN EXCEPTION —— CERTIFICATES OF 5 ACQUITTANCE RELATED TO CERTAIN ESTATES. Notwithstanding any 6 other provision of law to the contrary, the requirements of 7 section 422.16B, including but not limited to the requirements 8 to file a composite return and pay composite return tax, 9 shall not apply to any estate for a tax year that began on or 10 after January 1, 2022, and ended before December 31, 2022, if 11 that estate received a certificate of acquittance from the 12 department of revenue under section 422.27 without having filed 13 a composite return under section 422.16B. 14 Sec. ___. EFFECTIVE DATE. This division of this Act, being 15 deemed of immediate importance, takes effect upon enactment. 16 DIVISION ___ 17 PROPERTY TAX PAYMENTS —— SCHOOL DISTRICTS 18 Sec. ___. Section 257.3, subsection 1, Code 2023, is amended 19 by adding the following new paragraph: 20 NEW PARAGRAPH . d. The amount paid to each school district 21 under section 441.21, subsection 5, paragraph “e” , shall be 22 regarded as property tax. The portion of the payment which 23 is foundation property tax shall be determined by applying 24 the foundation property tax rate to the amount computed under 25 section 441.21, subsection 5, paragraph “e” , subparagraph (4), 26 subparagraph division (a), and such amount shall be prorated 27 pursuant to section 441.21, subsection 5, paragraph “e” , 28 subparagraph (2), if applicable. 29 Sec. ___. EFFECTIVE DATE. This division of this Act, being 30 deemed of immediate importance, takes effect upon enactment. > 31 2. By renumbering as necessary. 32 -1- SF 565.1916 (1) 90 jm/jh 1/ 2 #1.