426A.5 Proportionate shares to districts.
The amount of credits received under this chapter shall then be apportioned by each county treasurer to the several taxing districts. Each taxing district shall receive its proportionate share of the military service tax credit allowed on each and every tax exemption allowed in such taxing district, in the proportion that the levy made by such taxing district upon general property bears to the total levy upon all property subject to general property taxation by all taxing districts imposing a general property tax in such taxing district.
[C50, §426A.2, 426A.4; C58, 62, 66, 71, 73, 75, 77, 79, 81, §426A.5]
Referred to in §331.559
Structure Iowa Code
Chapter 426A - MILITARY SERVICE TAX CREDIT AND EXEMPTIONS
Section 426A.1A - Appropriation.
Section 426A.2 - Military service tax credit.
Section 426A.3 - Computation by auditor.
Section 426A.4 - Certification by director of revenue.
Section 426A.5 - Proportionate shares to districts.
Section 426A.6 - Setting aside allowance.
Section 426A.7 - Forms — rules.
Section 426A.8 - Excess remitted — appeals.
Section 426A.9 - Erroneous credits.
Section 426A.11 - Military service — exemptions.
Section 426A.12 - Exemptions to relatives.
Section 426A.13 - Claim for military tax exemption — discharge recorded.