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Text: SSB00243                          Text: SSB00245
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Senate Study Bill 244

Bill Text

PAG LIN
  1  1    Section 1.  Section 298.2, subsection 1, Code 1997, is
  1  2 amended to read as follows:
  1  3    1.  A physical plant and equipment levy of not exceeding
  1  4 one dollar and sixty-seven cents per thousand dollars of
  1  5 assessed valuation in the district is established except as
  1  6 otherwise provided in this subsection.  The physical plant and
  1  7 equipment levy consists of the regular physical plant and
  1  8 equipment levy of not exceeding thirty-three cents per
  1  9 thousand dollars of assessed valuation in the district and a
  1 10 voter-approved physical plant and equipment levy of not
  1 11 exceeding sixty-seven one dollar and thirty-four cents per
  1 12 thousand dollars of assessed valuation in the district.
  1 13 However, the voter-approved physical plant and equipment levy
  1 14 may consist of a combination of a physical plant and equipment
  1 15 property tax levy and a physical plant and equipment income
  1 16 surtax as provided in subsection 3 with the maximum amount
  1 17 levied and imposed limited to an amount that could be raised
  1 18 by a sixty-seven one dollar and thirty-four cent property tax
  1 19 levy.  The levy limitations of this subsection are subject to
  1 20 subsection 5.
  1 21    Sec. 2.  Section 298.2, Code 1997, is amended by adding the
  1 22 following new subsection:
  1 23    NEW SUBSECTION.  1A.  If the electors of a school district
  1 24 have authorized a sixty-seven cents per thousand dollars of
  1 25 assessed valuation in the district voter-approved levy under
  1 26 subsection 1 prior to July 1, 1997, the levy shall continue
  1 27 for the period authorized under the voter approved levy, and
  1 28 the maximum levy that can be authorized by the electors under
  1 29 the voter approved levy on or after July 1, 1997, under this
  1 30 section, is an additional sixty-seven cents for a period to
  1 31 coincide with the period for which the initial sixty-seven
  1 32 cents per thousand dollars of assessed valuation in the
  1 33 district was approved.  
  1 34                           EXPLANATION
  1 35    The bill increases the voter approved physical plant and
  2  1 equipment levy from 67 cents to $1.34 cents per $1,000 of
  2  2 assessed value.  The bill applies to voter approved levies
  2  3 which are approved on or after July 1, 1997.
  2  4    The bill provides that a school district that already has a
  2  5 voter approved levy at the old rate of 67 cents per $1,000 of
  2  6 assessed value must continue at that rate for the duration of
  2  7 the period authorized unless the voters approve an additional
  2  8 67 cents per $1,000 of assessed value levy during the
  2  9 authorized period.  
  2 10 LSB 2730SC 77
  2 11 rn/cf/24
     
Text: SSB00243                          Text: SSB00245
Text: SSB00200 - SSB00299               Text: SSB Index
Bills and Amendments: General Index     Bill History: General Index
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