Amend the bill in section 1 in §5686 in subsection 2 in the 2nd line (page 1, line 14 in L.D.) by inserting after the following: " 30th" the following: ' following the close of the fiscal year'

Amend the bill in section 1 in §5686 in subsection 2 in the 3rd line (page 1, line 15 in L.D.) by inserting after the following: " amounts" the following: ' for the previous fiscal year'

Amend the bill in section 1 in §5686 in subsection 3 in the 2nd line (page 1, line 19 in L.D.) by striking out the following: " 1st" and inserting the following: ' 31st'

Amend the bill in section 1 in §5686 in subsection 3 by striking out all of the last sentence (page 1, lines 28 to 31 in L.D.)

summary

This amendment removes the requirement in the bill that a municipality use local sales tax increment revenue to reduce the property tax levy and clarifies the timing of the calculation of the sales tax increment.