House
Study
Bill
230
-
Introduced
HOUSE
FILE
_____
BY
(PROPOSED
COMMITTEE
ON
WAYS
AND
MEANS
BILL
BY
CHAIRPERSON
KAUFMANN)
A
BILL
FOR
An
Act
repealing
the
excise
tax
on
the
handling
of
grain.
1
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
2
TLSB
2500YC
(4)
90
da/ns
H.F.
_____
Section
1.
Section
445.3,
subsection
2,
Code
2023,
is
1
amended
to
read
as
follows:
2
2.
a.
The
commencement
of
actions
for
ad
valorem
taxes
3
authorized
under
this
section
shall
not
begin
until
the
4
issuance
of
a
tax
sale
certificate
under
the
requirements
of
5
section
446.19
.
The
commencement
of
actions
for
all
other
6
taxes
authorized
under
this
section
shall
not
begin
until
ten
7
days
after
the
publication
of
tax
sale
under
the
requirements
8
of
section
446.9,
subsection
2
.
9
b.
This
subsection
does
not
apply
to
the
collection
of
ad
10
valorem
taxes
under
section
445.32
,
and
grain
handling
taxes
11
under
section
428.35
.
12
Sec.
2.
REPEAL.
Section
428.35,
Code
2023,
is
repealed.
13
Sec.
3.
IMPLEMENTATION.
Section
25B.7
shall
not
apply
to
14
the
property
tax
exemption
enacted
in
this
Act.
15
EXPLANATION
16
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
17
the
explanation’s
substance
by
the
members
of
the
general
assembly.
18
This
bill
repeals
the
grain
handling
excise
tax
of
19
one-fourth
mill
per
bushel
upon
all
grain
handled.
For
20
purposes
of
the
tax,
“handling
or
handled”
means
the
receiving
21
of
grain
at
or
in
each
elevator,
warehouse,
mill,
processing
22
plant,
or
other
facility
in
this
state
in
which
it
is
received
23
for
storage,
accumulation,
sale,
processing,
or
any
other
24
purpose.
In
addition,
“grain”
means
wheat,
corn,
barley,
25
oats,
rye,
flaxseed,
field
peas,
soybeans,
grain
sorghums,
26
spelts,
and
such
other
products
as
are
usually
stored
in
grain
27
elevators
other
than
seeds
after
being
processed.
The
excise
28
tax
is
entered
on
the
tax
list
of
the
taxing
district
and
29
revenue
collected
from
the
excise
tax
is
distributed
to
the
30
various
taxing
authorities
(taxing
units)
within
the
taxing
31
district
in
the
same
manner
as
general
property
taxes.
32
The
bill
makes
inapplicable
Code
section
25B.7.
Code
33
section
25B.7
provides
that
for
a
property
tax
credit
or
34
exemption
enacted
on
or
after
January
1,
1997,
if
a
state
35
-1-
LSB
2500YC
(4)
90
da/ns
1/
2
H.F.
_____
appropriation
made
to
fund
the
credit
or
exemption
is
not
1
sufficient
to
fully
fund
the
credit
or
exemption,
the
political
2
subdivision
shall
be
required
to
extend
to
the
taxpayer
only
3
that
portion
of
the
credit
or
exemption
estimated
by
the
4
department
of
revenue
to
be
funded
by
the
state
appropriation.
5
-2-
LSB
2500YC
(4)
90
da/ns
2/
2