Amendment H-1268 to HF 718
Relating to local government property taxes, financial authority, operations, and budgets, modifying certain transit funding, property tax credits and exemptions, and appropriations, requiring certain information related to property taxation to be provided to property owners and taxpayers, modifying provisions relating to fees for driver’s licenses and nonoperator’s identification cards, modifying provisions relating to certain writing fees, modifying certain bonding procedures, making penalties applicable, and including effective date, applicability, and retroactive applicability provisions
Adopted · April 19, 2023Vote: 95 yeas, 0 nays
Filed April 19, 2023 in the House by
What it changes
- Page 1, after line 2 by inserting: “Sec. ___. Section 8.57E, subsection 2, Code 2023, is amended by adding the following new paragraph: NEW PARAGRAPH . c. For the fiscal year beginning July 1, 2023, and each fiscal year thereafter, there is transferred from the taxpayer relief fund to the general fund of the state the lesser of the balance of the taxpayer relief fund and an amount equal to the quotient of the assessed value of all taxable property in the state subject to the property tax levy under section 257.3 divided by one thousand dollars, to be used for the payment of increased foundation aid under section 257.16 resulting from the reduction of the property tax levy rate under section 257.3 in this Act.”
- Page 18, line 24, by striking “of each even-numbered year”
- Title page, line 4, after “procedures,” by inserting “making transfers,”
- By renumbering as necessary.