Iowa Code 181.7A – Commencement of federal assessment — suspension and recommencement of state assessment — rate
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1. Prior to the commencement of the collection of the federal assessment, the executive committee may seek certification as a qualified state beef council within the meaning of the federal Act.
Terms Used In Iowa Code 181.7A
- Executive committee: means the executive committee of the association as created in section 181. See Iowa Code 181.1
- Federal assessment: means an excise tax on the sale of bovine animals imposed pursuant to the federal Act. See Iowa Code 181.1
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
- State assessment: means an excise tax on the sale of cattle imposed pursuant to this chapter. See Iowa Code 181.1
2. The executive committee shall suspend the state assessment upon collection of the federal assessment. The state assessment shall recommence upon the earlier of the following:
a. The noncollection of the federal assessment. The recommenced state assessment shall be imposed for a four-year period. Its effective date shall be the first date for which the federal assessment is not collected.
b. The passage of a special referendum pursuant to section 181.19 regardless of whether a federal assessment is being collected.
3. The rate of the recommenced state assessment shall be the same as the rate that was last in effect under section 181.19 immediately prior to the suspension of the state assessment.