1. The board shall determine and set the state assessment rate. State assessments collected pursuant to the promotional order shall be paid into the corn promotion fund established in section 185C.26. Except as provided in subsection 2, a state assessment shall not exceed one-quarter of one cent per bushel upon corn marketed in this state.

Terms Used In Iowa Code 185C.21

  • Assessment: means a state or federal assessment. See Iowa Code 185C.1
  • Board: means the Iowa corn promotion board established by this chapter. See Iowa Code 185C.1
  • Bushel: means fifty-six pounds of corn by weight. See Iowa Code 185C.1
  • Corn: means and includes all kinds of varieties of corn marketed or sold as corn by the producer but shall not include sweet corn or popcorn or seed corn. See Iowa Code 185C.1
  • Fund: means the grain depositors and sellers indemnity fund created in section 203D. See Iowa Code 203D.1
  • Marketed in this state: refers to a sale of corn to a first purchaser who is a resident of or doing business in this state where actual delivery of the corn occurs in this state. See Iowa Code 185C.1
  • Marketing year: means the twelve-month period beginning the first day of September and ending on the following thirty-first day of August. See Iowa Code 185C.1
  • Promotional order: means an order pursuant to this chapter which provides for the administration of this chapter and provides for a state assessment necessary to provide for its administration. See Iowa Code 185C.1
  • Secretary: means the secretary of agriculture. See Iowa Code 185C.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 a state excise tax on each bushel of corn marketed in this state which is imposed as part of a promotional order to administer this chapter. See Iowa Code 185C.1
  • year: means twelve consecutive months. See Iowa Code 4.1
 2. Upon request of the board, the secretary shall call a special referendum for producers to vote on whether to authorize an increase in the state assessment above one-quarter of one cent per bushel, notwithstanding subsection 1. The special referendum shall be conducted as provided in this chapter for referendum elections. However, the special referendum shall not affect the existence or length of the promotional order in effect. If a majority of the producers voting in the special referendum approve the increase, the board may increase the assessment to the amount approved in the special referendum. The board shall establish the effective date of a rate change. However, a state assessment shall not exceed a scheduled maximum rate determined as follows:

 a. Before September 1, 2014, one cent.
 b. For each marketing year of the period beginning September 1, 2014, and ending August 31, 2019, two cents.
 c. For each marketing year beginning on and after September 1, 2019, three cents.
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