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House Journal: Page 976: Thursday, March 26, 1998

 9   return subject to the conditions and restrictions set
10   forth in section 422.21.
11     Sec. ___.  NEW SECTION.  257.57  DEPOSIT OF SMALLER
12   CLASS SIZE INFRASTRUCTURE INCOME SURTAX.
13     1.  The director of revenue and finance shall
14   deposit all moneys received as smaller class size
15   infrastructure income surtax to the credit of each
16   district from which the moneys are received, in the
17   school district income surtax fund which is
18   established in section 298.14.
19     2.  The director of revenue and finance shall
20   deposit smaller class size infrastructure income
21   surtax moneys received on or before November 1 of the
22   year following the close of the school budget year for
23   which the surtax is imposed to the credit of each
24   district from which the moneys are received in the
25   school district income surtax fund.
26     3.  Smaller class size infrastructure income surtax
27   moneys received or refunded after November 1 of the
28   year following the close of the school budget year for
29   which the surtax is imposed shall be deposited in or
30   withdrawn from the general fund of the state and shall
31   be considered part of the cost of administering the
32   smaller class size infrastructure income surtax.
33     Sec. ___.  NEW SECTION.  257.58  SMALLER CLASS SIZE
34   INFRASTRUCTURE INCOME SURTAX CERTIFICATION.
35     On or before October 20 each year, the director of
36   revenue and finance shall make an accounting of the
37   smaller class size infrastructure income surtax
38   collected under this chapter applicable to tax returns
39   for the last preceding calendar year, or for a
40   taxpayer's fiscal year ending during the second half
41   of that calendar year and after the date the board
42   adopts a resolution to participate in the program, or
43   the first half of the succeeding calendar year, from
44   taxpayers in each school district in the state which
45   has approved the smaller class size infrastructure
46   program, and shall certify to the department of
47   management and the department of education the amount
48   of total smaller class size infrastructure income
49   surtax credited from the taxpayers of each school
50   district.

Page 6

 1     Sec. ___.  NEW SECTION.  257.59  SMALLER CLASS SIZE
 2   INFRASTRUCTURE INCOME SURTAX DISTRIBUTION.
 3     The director of revenue and finance shall draw
 4   warrants in payment of the amount of smaller class
 5   size infrastructure surtax in the manner provided in
 6   section 298.14.
 7     Sec. ___.  NEW SECTION.  257.60  CONTINUATION OF
 8   SMALLER CLASS SIZE INFRASTRUCTURE PROGRAM.

© 1998 Cornell College and League of Women Voters of Iowa

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