House Study Bill 36



                                       SENATE/HOUSE FILE       
                                       BY  (PROPOSED DEPARTMENT OF
                                            MANAGEMENT BILL)


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act relating to the utility replacement tax task force.
  2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  3 TLSB 1211DP 81
  4 mg/sh/8

PAG LIN



  1  1    Section 1.  Section 437A.15, subsection 7, Code 2005, is
  1  2 amended to read as follows:
  1  3    7.  The department of management, in consultation with the
  1  4 department of revenue, shall coordinate the utility
  1  5 replacement tax task force and provide staffing assistance to
  1  6 the task force.  It is the intent of the general assembly that
  1  7 the task force include representatives of the department of
  1  8 management, department of revenue, electric companies, natural
  1  9 gas companies, municipal utilities, electric cooperatives,
  1 10 counties, cities, school boards, and industrial, commercial,
  1 11 and residential consumers, and other appropriate stakeholders.
  1 12 The director of the department of management and the director
  1 13 of revenue shall serve as cochairpersons of the task force.
  1 14    The task force shall study the effects of the replacement
  1 15 tax on local taxing authorities, local taxing districts,
  1 16 consumers, and taxpayers and the department of management
  1 17 shall report to the general assembly by January 1 of each year
  1 18 through January 1, 2005, the results of the study and the
  1 19 specific recommendations of the task force for modifications
  1 20 to the replacement tax, if any, which will further the
  1 21 purposes of tax neutrality for local taxing authorities, local
  1 22 taxing districts, taxpayers, and consumers, consistent with
  1 23 the stated purposes of this chapter.  The department of
  1 24 management shall also report to the legislative council by
  1 25 November 15 of each year through 2004, the status of the task
  1 26 force study and any recommendations through January 1, 2008.
  1 27 If the task force recommends modifications to the replacement
  1 28 tax that will further the purposes of tax neutrality for local
  1 29 taxing authorities, local taxing districts, taxpayers, and
  1 30 consumers, consistent with the stated purposes of this
  1 31 chapter, the department of management shall transmit those
  1 32 recommendations to the general assembly.
  1 33                           EXPLANATION
  1 34    This bill amends Code subsection 437A.15(7) to extend the
  1 35 utility replacement tax task force through January 1, 2008.
  2  1 The bill also designates the director of the department of
  2  2 management and the director of revenue as cochairpersons of
  2  3 the task force.  Specific recommendations from the task force
  2  4 for modifications to the replacement tax are to be transmitted
  2  5 to the general assembly by the department of management.
  2  6 LSB 1211DP 81
  2  7 mg/sh/8