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House Journal: Page 975: Thursday, March 26, 1998

 9   prorate the amount of the smaller class size
10   infrastructure state aid provided to each district.
11     4.  Smaller class size infrastructure state aid
12   shall be paid at the same time and in the same manner
13   as foundation aid is paid under section 257.16.
14     Sec. ___.  NEW SECTION.  257.54  COMPUTATION OF
15   SMALLER CLASS SIZE INFRASTRUCTURE AMOUNT.
16     1.  The department of management shall establish
17   the amount of smaller class size infrastructure
18   property tax to be levied and the amount of smaller
19   class size infrastructure income surtax to be imposed
20   by a district in accordance with the decision of the
21   board under section 257.52 for each school year for
22   which the smaller class size infrastructure program is
23   authorized.  The department of management shall
24   determine these amounts based upon the most recent
25   figures available for the district's valuation of
26   taxable property, individual state income tax paid,
27   and budget enrollment in the district, and shall
28   certify to the district's county auditor the amount of
29   smaller class size infrastructure property tax if a
30   smaller class size infrastructure property tax is to
31   be imposed, and to the director of revenue and finance
32   the amount of smaller class size infrastructure income
33   surtax to be imposed.
34     2.  The smaller class size infrastructure income
35   surtax shall be imposed on the state individual income
36   tax for the calendar year during which the school's
37   budget year begins, or for a taxpayer's fiscal year
38   ending during the second half of that calendar year
39   and after the date the board adopts a resolution to
40   participate in the program or the first half of the
41   succeeding calendar year, and shall be imposed on all
42   individuals residing in the school district on the
43   last day of the applicable tax year.  As used in this
44   section, "state individual income tax" means the taxes
45   computed under section 422.5, less the credits allowed
46   in sections 422.11A, 422.11B, 422.12, and 422.12B.
47     Sec. ___.  NEW SECTION.  257.55  STATUTES
48   APPLICABLE.
49     The director of revenue and finance shall
50   administer the smaller class size infrastructure

Page 5

 1   income surtax imposed under this chapter, and sections
 2   422.20, 422.22 to 422.31, 422.68, and 422.72 to 422.75
 3   shall apply with respect to administration of the
 4   smaller class size infrastructure income surtax.
 5     Sec. ___.  NEW SECTION.  257.56  FORM AND TIME OF
 6   RETURN.
 7     The smaller class size infrastructure income surtax
 8   shall be made a part of the Iowa individual income tax

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