Amendment S-3228 to HF 660
Relating to sales tax rebates for a raceway facility and making tax provision corrections
Adopted · May 4, 2023
Filed May 4, 2023 in the Senate by Sen. Dan Dawson (R)
What it changes
- Page 1, before line 1 by inserting: “Section
- Section 331.423, subsection 2, paragraph b, subparagraph (3), subparagraph division (a) , subparagraph subdivision (i), if enacted by 2023 Iowa Acts, House File 718, section 2, is amended to read as follows: (i) In addition to the limitation under subparagraph (2), if the county’s actual levy rate imposed under this paragraph for the current fiscal year is three dollars and ninety-five cents or less per thousand dollars of assessed value and the total assessed value used to calculate taxes for rural county services under this paragraph for the budget year exceeds one hundred three percent, but is less than one hundred six percent, of the total assessed value used to calculate taxes for rural county services for the current fiscal year, the levy rate imposed under this subsection 2 for the budget year shall not exceed a rate per thousand dollars of assessed value that is equal to one thousand multiplied by the quotient of the current fiscal year’s actual property tax dollars certified for levy under this subsection 2 divided by one hundred two percent of the total assessed value used to calculate taxes for rural county services for the current fiscal year. Sec. ___. Section 331.423, subsection 2, paragraph b, subparagraph (3), subparagraph division (b), subparagraph subdivision (i), if enacted by 2023 Iowa Acts, House File 718, section 2, is amended to read as follows: (i) In addition to the limitation under subparagraph (2), if the county’s actual levy rate imposed under this subsection 2 for the current fiscal year is three dollars and ninety-five cents or less per thousand dollars of assessed value and the total assessed value used to calculate taxes for rural county services under this paragraph for the budget year is equal to or exceeds one hundred six percent of the total assessed value used to calculate taxes for rural county services for the current fiscal year, the levy rate imposed under this subsection 2 for the budget year shall not exceed a rate per thousand dollars of assessed value that is equal to one thousand multiplied by the quotient of the current fiscal year’s actual property tax dollars certified for levy under this subsection 2 divided by one hundred three percent of the total assessed value used to calculate taxes for rural county services for the current fiscal year.”
- Title page, line 1, after “facility” by inserting “and making tax provision corrections”
- By renumbering as necessary.