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Terms Used In Iowa Code 565.13

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
565.13 Annuity tax.
To provide for the payment of an annuity, the city shall annually thereafter levy a tax sufficient to pay the annuity.
[C24, 27, 31, 35, 39, §10195; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, S81, §565.13; 81
Acts, ch 117, §1090]