SSB 1222

_____ AUTHORITY.21 relating to certain property assessment limitations. The bill authorizes salary adjustments to be funded as determined by the department of management (DOM) from unappropriated moneys in certain special funds.55(2), but shall instead be distributed as provided in the bill. Under the bill, moneys are first transferred to the general fund of the state in an amount equal to the difference in foundation property tax statewide based on 2023 Iowa Acts, Senate File 181, to pay foundation aid under Code chapter 257 for FY 2023-2024. The amount that would be distributed to the taxpayer relief fund under current law is reduced by the transferred amount. The transferred amount is to be determined by DOM. These provisions take effect upon enactment. CORRECTIVE PROVISIONS. The bill makes technical corrections to, or as the result of, legislation enacted or considered during the 2023 legislative session. Certain provisions take effect upon enactment and apply retroactively to the effective date of the amended legislation.