Amendment S-3170 to SF 565
Relating to state and local finance and the administration of the tax and related laws by the department of revenue, and including effective date, applicability, and retroactive applicability provisions
Adopted · April 20, 2023
Filed April 20, 2023 in the Senate by Sen. Dan Dawson (R)
What it changes
- Page 38, after line 1 by inserting: “DIVISION ___ COMPOSITE RETURN EXCEPTION Sec. ___. COMPOSITE RETURN EXCEPTION —— CERTIFICATES OF ACQUITTANCE RELATED TO CERTAIN ESTATES. Notwithstanding any other provision of law to the contrary, the requirements of section 422.16B, including but not limited to the requirements to file a composite return and pay composite return tax, shall not apply to any estate for a tax year that began on or after January 1, 2022, and ended before December 31, 2022, if that estate received a certificate of acquittance from the department of revenue under section 422.27 without having filed a composite return under section 422.16B. Sec. ___. EFFECTIVE DATE. This division of this Act, being deemed of immediate importance, takes effect upon enactment. DIVISION ___ PROPERTY TAX PAYMENTS —— SCHOOL DISTRICTS Sec. ___. Section 257.3, subsection 1, Code 2023, is amended by adding the following new paragraph: NEW PARAGRAPH . d. The amount paid to each school district under section 441.21, subsection 5, paragraph “e” , shall be regarded as property tax. The portion of the payment which is foundation property tax shall be determined by applying the foundation property tax rate to the amount computed under section 441.21, subsection 5, paragraph “e” , subparagraph (4), subparagraph division (a), and such amount shall be prorated pursuant to section 441.21, subsection 5, paragraph “e” , subparagraph (2), if applicable. Sec. ___. EFFECTIVE DATE. This division of this Act, being deemed of immediate importance, takes effect upon enactment.”
- By renumbering as necessary.