House File 636 - Introduced
HOUSE FILE
BY TYMESON, DEYOE, DRAKE, ARNOLD,
RAYHONS, TJEPKES, LUKAN,
BAUDLER, DE BOEF, ALONS, BOAL,
CHAMBERS, GRANZOW, and HUSEMAN
Passed House, Date Passed Senate, Date
Vote: Ayes Nays Vote: Ayes Nays
Approved
A BILL FOR
1 An Act modifying the method for determining and appropriating
2 adjusted additional property tax levy aid for certain school
3 districts and providing an effective date.
4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
5 TLSB 1859YH 82
6 ak/es/88
PAG LIN
1 1 Section 1. Section 257.4, subsection 1, paragraph b, Code
1 2 2007, is amended to read as follows:
1 3 b. For the budget year beginning July 1, 2006 2007, and
1 4 succeeding budget years, the department of management shall
1 5 determine an adjusted additional property tax levy and a
1 6 statewide maximum average adjusted additional property tax
1 7 levy rate. For purposes of this paragraph, the adjusted
1 8 additional property tax levy shall be that portion of the
1 9 additional property tax levy corresponding to the state cost
1 10 per pupil multiplied by a school district's weighted
1 11 enrollment, and then multiplied by one hundred percent less
1 12 the regular program foundation base per pupil percentage
1 13 pursuant to section 257.1. The A district whose adjusted
1 14 additional property tax levy rate is greater than one hundred
1 15 fifteen percent of the statewide average adjusted additional
1 16 property tax levy rate shall receive adjusted additional
1 17 property tax levy aid in an amount equal to the difference
1 18 between the district's adjusted additional property tax levy
1 19 rate and one hundred fifteen percent of the statewide maximum
1 20 average adjusted additional property tax levy rate, as applied
1 21 per thousand dollars of assessed valuation on all taxable
1 22 property in the district. The statewide maximum average
1 23 adjusted additional property tax levy rate shall be annually
1 24 determined by the department taking into account amounts
1 25 allocated pursuant to section 257.15, subsection 4. Adjusted
1 26 additional property tax levy aid shall be paid to school
1 27 districts in the manner provided in section 257.16.
1 28 Sec. 2. Section 257.15, subsection 4, Code 2007, is
1 29 amended by striking the subsection.
1 30 Sec. 3. Section 257.16, subsection 1, Code 2007, is
1 31 amended to read as follows:
1 32 1. There is appropriated each year from the general fund
1 33 of the state an amount necessary to pay the foundation aid,
1 34 supplementary aid under section 257.4, subsection 2, and
1 35 adjusted additional property tax levy aid under section 257.4,
2 1 subsection 1, paragraph "b", and property tax adjustment aid
2 2 under section 257.15, subsection 4.
2 3 Sec. 4. EFFECTIVE DATE. This Act, being deemed of
2 4 immediate importance, takes effect upon enactment.
2 5 EXPLANATION
2 6 This bill changes the method for calculating and awarding
2 7 to school districts adjusted additional property tax levy aid
2 8 under Code section 257.4.
2 9 Currently, the calculation of the amount of additional
2 10 property tax levy aid is limited by specific allocations of
2 11 dollars. Those allocations are $12 million for the budget
2 12 year beginning July 1, 2007; $18 million for the budget year
2 13 beginning July 1, 2008, and $24 million for the budget year
2 14 beginning July 1, 2009, and succeeding budget years. The bill
2 15 strikes Code section 257.15, subsection 4, which allocated
2 16 specified amounts annually for funding adjusted additional
2 17 property tax levy aid.
2 18 The bill requires the department of management, for budget
2 19 years beginning on or after July 1, 2007, to annually
2 20 calculate a statewide average adjusted additional property tax
2 21 levy rate. The bill provides that a school district whose
2 22 adjusted additional property tax levy rate is greater than 115
2 23 percent of the statewide average adjusted additional property
2 24 tax levy rate shall receive additional property tax levy aid.
2 25 The difference between a school district's adjusted additional
2 26 property tax levy rate and the amount that is 115 percent of
2 27 the statewide average adjusted additional property tax levy
2 28 rate is the amount of aid that the school district will
2 29 receive.
2 30 The bill takes effect upon enactment.
2 31 LSB 1859YH 82
2 32 ak:sc/es/88