ARC 3315C

ARC 3315C

REVENUE DEPARTMENT[701]

Adopted and Filed

Pursuant to the authority of Iowa Code section 421.14, the Department of Revenue hereby amends Chapter 80, "Property Tax Credits and Exemptions," Iowa Administrative Code.

This amendment clarifies the reporting requirement for county auditors when filing a claim for the commercial and industrial property tax replacement. The amendment makes clear that the reporting requirements must be fulfilled each year, regardless of whether the Legislature appropriates funds to pay the replacement claims.

Notice of Intended Action was published in the Iowa Administrative Bulletin as ARC 3207C on July 19, 2017. No public comments were received. This amendment is identical to that published under Notice.

The Department adopted this amendment on August 23, 2017.

After analysis and review of this rule making, the Department finds that no negative impact on jobs exists.

This amendment is intended to implement Iowa Code section 441.21A.

This amendment will become effective October 18, 2017.

The following amendment is adopted.

Amend paragraph 80.49(2)"b" as follows:

b. On or before September 1 of each fiscal year beginning on or after July 1, 2014, the county auditor shall, based upon the information in the report required to be provided in paragraph "a" of this subrule, prepare and submit a statement to the department of revenue which lists, for each taxing district in the county, the information required in 80.49(1). The county auditor shall prepare and submit the required information regardless of whether the legislature has appropriated funds to pay replacement claims for the current year.

[Filed 8/23/17, effective 10/18/17]

[Published 9/13/17]

Editor's Note: For replacement pages for IAC, see IAC Supplement 9/13/17.