Text: H01536 Text: H01538 Text: H01500 - H01599 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 744 as follows: 1 2 #1. By striking everything after the enacting 1 3 clause and inserting the following: 1 4 "Section 1. Section 257.1, subsection 2, 1 5 unnumbered paragraph 2, Code 1999, is amended to read 1 6 as follows: 1 7 For the budget year commencing July 1,19961999, 1 8 and for each succeeding budget year the regular 1 9 program foundation base per pupil iseighty-seven1 10 eighty-eight and five-tenths percent of the regular 1 11 program state cost per pupil, except that the regular1 12program foundation base per pupil for the portion of1 13weighted enrollment that is additional enrollment1 14because of special education is seventy-nine percent1 15of the regular program state cost per pupil. For the 1 16 budget year commencing July 1,19911999, and for each 1 17 succeeding budget year the special education support 1 18 services foundation base isseventy-nineeighty-eight 1 19 and five-tenths percent of the special education 1 20 support services state cost per pupil. The combined 1 21 foundation base is the sum of the regular program 1 22 foundation base and the special education support 1 23 services foundation base. 1 24 Sec. 2. Section 257.3, subsection 1, unnumbered 1 25 paragraph 1, Code 1999, is amended to read as follows: 1 26 AMOUNT OF TAX.Except as provided in subsections 21 27and 3, aA school district shall cause to be levied 1 28 each year, for the school general fund, a foundation 1 29 property tax equal to five dollars andfortyfifty 1 30 cents per thousand dollars of assessed valuation on 1 31 all taxable property in the district. The county 1 32 auditor shall spread the foundation levy over all 1 33 taxable property in the district. 1 34 Sec. 3. Section 257.3, subsections 2 and 3, Code 1 35 1999, are amended by striking the subsections. 1 36 Sec. 4. Section 257.3, subsection 4, Code 1999, is 1 37 amended to read as follows: 1 38 4. RAILWAY CORPORATIONS. For purposes of section 1 39 257.1, the "amount per pupil of foundation property 1 40 tax" does not include the tax levied under subsection 1 41 1, 2, or 3on the property of a railway corporation, 1 42 or on its trustee if the corporation has been declared 1 43 bankrupt or is in bankruptcy proceedings. 1 44 Sec. 5. NEW SECTION. 257.14A ON-TIME FUNDING FOR 1 45 SPECIAL EDUCATION. 1 46 Commencing with the budget year beginning July 1, 1 47 1999, if a school district's additional enrollment 1 48 because of special education determined by the 1 49 district on December 1 in the budget year is greater 1 50 than its additional enrollment because of special 2 1 education determined by the district on December 1 in 2 2 the base year, the school district is entitled to on- 2 3 time funding from the state in an amount equal to its 2 4 district cost per pupil for the budget year multiplied 2 5 by the district's increase in additional enrollment 2 6 because of special education. The additional funding 2 7 shall be miscellaneous income. 2 8 For the purpose of this section, a school 2 9 district's additional enrollment because of special 2 10 education is determined by multiplying the weighting 2 11 for each category of child under section 256B.9 times 2 12 the number of children in each category totaled for 2 13 all categories minus the total number of children in 2 14 all categories. 2 15 If a district receives additional funding under 2 16 this section for a budget year, the department of 2 17 management shall determine the amount of the 2 18 additional funding which would have been generated by 2 19 local property tax revenues in proportion to the 2 20 amount of funding actually received pursuant to this 2 21 section, if the additional enrollment because of 2 22 special education in the budget year had been used for 2 23 that budget year in determining combined district 2 24 cost, shall reduce, but not by more than the amount of 2 25 the additional funding, the district's total state 2 26 school aids available under this chapter for the next 2 27 following budget year by the amount so determined, and 2 28 shall increase the district's additional property tax 2 29 levy for the next following budget year by the amount 2 30 necessary to compensate for the reduction in state 2 31 aid, so that the local property tax for the next 2 32 following year will be increased only by the amount 2 33 which would have been increased in the budget year if 2 34 the additional enrollment because of special education 2 35 in the budget year could have been used to establish 2 36 the levy. 2 37 There is appropriated each year from the general 2 38 fund of the state to the department of education the 2 39 amount required to pay on-time funding authorized 2 40 under this section, up to a maximum of thirteen 2 41 million dollars annually, which shall be paid to 2 42 school districts in the same manner as other state 2 43 aids are paid under section 257.16. If the amount 2 44 appropriated is insufficient to provide the full 2 45 amount of on-time funding, the payments to school 2 46 districts shall be prorated such that each school 2 47 district shall receive an amount of on-time funding 2 48 equal to the percentage that the on-time funding to be 2 49 provided to the school district bears to the total 2 50 amount of on-time funding to be provided to all school 3 1 districts. 3 2 Sec. 6. Section 422.7, subsection 31, Code 1999, 3 3 is amended to read as follows: 3 4 31. For a person who is disabled, or is fifty-five 3 5 years of age or older, or is the surviving spouse of 3 6 an individual or a survivor having an insurable 3 7 interest in an individual who would have qualified for 3 8 the exemption under this subsection for the tax year, 3 9 subtract, to the extent included, the total amount of 3 10 a governmental or other pension or retirement pay, 3 11 including, but not limited to, defined benefit or 3 12 defined contribution plans, annuities, individual 3 13 retirement accounts, plans maintained or contributed 3 14 to by an employer, or maintained or contributed to by 3 15 a self-employed person as an employer, and deferred 3 16 compensation plans or any earnings attributable to the 3 17 deferred compensation plans, up to a maximum offive3 18 six thousand dollars for a person, other than a 3 19 husband or wife, who files a separate state income tax 3 20 return and up to a maximum oftentwelve thousand 3 21 dollars for a husband and wife who file a joint state 3 22 income tax return. However, a surviving spouse who is 3 23 not disabled or fifty-five years of age or older can 3 24 only exclude the amount of pension or retirement pay 3 25 received as a result of the death of the other spouse. 3 26 A husband and wife filing separate state income tax 3 27 returns or separately on a combined state return are 3 28 allowed a combined maximum exclusion under this 3 29 subsection of up totentwelve thousand dollars. The 3 30tentwelve thousand dollar exclusion shall be 3 31 allocated to the husband or wife in the proportion 3 32 that each spouse's respective pension and retirement 3 33 pay received bears to total combined pension and 3 34 retirement pay received. 3 35 Sec. 7. Section 425A.3, subsection 1, Code 1999, 3 36 is amended to read as follows: 3 37 1. The family farm tax credit fund shall be 3 38 apportioned each year in the manner provided in this 3 39 chapter so as to give a credit against the tax on each 3 40 eligible tract of agricultural land within the several 3 41 school districts of the state in which the levy for 3 42 the general school fund exceeds five dollars andforty3 43 fifty cents per thousand dollars of assessed value. 3 44 The amount of the credit on each eligible tract of 3 45 agricultural land shall be the amount the tax levied 3 46 for the general school fund exceeds the amount of tax 3 47 which would be levied on each eligible tract of 3 48 agricultural land were the levy for the general school 3 49 fund five dollars andfortyfifty cents per thousand 3 50 dollars of assessed value for the previous year. 4 1 However, in the case of a deficiency in the family 4 2 farm tax credit fund to pay the credits in full, the 4 3 credit on each eligible tract of agricultural land in 4 4 the state shall be proportionate and applied as 4 5 provided in this chapter. 4 6 Sec. 8. Section 425A.5, Code 1999, is amended to 4 7 read as follows: 4 8 425A.5 COMPUTATION BY COUNTY AUDITOR. 4 9 The family farm tax credit allowed each year shall 4 10 be computed as follows: On or before March 1, the 4 11 county auditor shall list by school districts all 4 12 tracts of agricultural land which are entitled to 4 13 credit, the taxable value for the previous year, the 4 14 budget from each school district for the previous 4 15 year, and the tax rate determined for the general fund 4 16 of the school district in the manner prescribed in 4 17 section 444.3 for the previous year, and if the tax 4 18 rate is in excess of five dollars andfortyfifty 4 19 cents per thousand dollars of assessed value, the 4 20 auditor shall multiply the tax levy which is in excess 4 21 of five dollars andfortyfifty cents per thousand 4 22 dollars of assessed value by the total taxable value 4 23 of the agricultural land entitled to credit in the 4 24 school district, and on or before March 1, certify the 4 25 total amount of credit and the total number of acres 4 26 entitled to the credit to the department of revenue 4 27 and finance. 4 28 Sec. 9. Section 426.3, Code 1999, is amended to 4 29 read as follows: 4 30 426.3 WHERE CREDIT GIVEN. 4 31 The agricultural land credit fund shall be 4 32 apportioned each year in the mannerhereinafter4 33 provided in this chapter so as to give a credit 4 34 against the tax on each tract of agricultural lands 4 35 within the several school districts of the state in 4 36 which the levy for the general school fund exceeds 4 37 five dollars andfortyfifty cents per thousand 4 38 dollars of assessed value; the. The amount ofsuch4 39 credit on each tract of such lands shall be the amount 4 40 the tax levied for the general school fund exceeds the 4 41 amount of tax which would be levied onsaidthe tract 4 42 of such lands were the levy for the general school 4 43 fund five dollars andfortyfifty cents per thousand 4 44 dollars of assessed value for the previous year,4 45except. However, in the case of a deficiency in the 4 46 agricultural land credits fund to pay said credits in 4 47 full, in which case the credit on each eligible tract 4 48 of such lands in the state shall be proportionate and 4 49 shall be applied ashereinafterprovided in this 4 50 chapter. 5 1 Sec. 10. Section 426.6, unnumbered paragraph 1, 5 2 Code 1999, is amended to read as follows: 5 3 The agricultural land tax credit allowed each year 5 4 shall be computed as follows: On or before the first 5 5 of June the county auditor shall list by school 5 6 districts all tracts of agricultural lands which they 5 7 are entitled to credit, together with the taxable 5 8 value for the previous year, together with the budget 5 9 from each school district for the previous year, and 5 10 the tax rate determined for the general fund of the 5 11 district in the manner prescribed in section 444.3 for 5 12 the previous year, and ifsuchthe tax rate is in 5 13 excess of five dollars andfortyfifty cents per 5 14 thousand dollars of assessed value, the auditor shall 5 15 multiply the tax levy which is in excess of five 5 16 dollars andfortyfifty cents per thousand dollars of 5 17 assessed value by the total taxable value of the 5 18 agricultural lands entitled to credit in the district, 5 19 and on or before the first of June certify the amount 5 20 to the department of revenue and finance. 5 21 Sec. 11. EFFECTIVE DATE. 5 22 1. Sections 1 through 5 of this Act, being deemed 5 23 of immediate importance, take effect upon enactment 5 24 for the computation of state school aid for school 5 25 budget years beginning on or after July 1, 1999. 5 26 2. Section 6 of this Act applies retroactively to 5 27 January 1, 1999, for tax years beginning on or after 5 28 that date. 5 29 3. Sections 7 through 10 of this Act take effect 5 30 January 1, 2000, for the computation of the family 5 31 farm tax credit and agricultural land tax credit for 5 32 property taxes due and payable in fiscal years 5 33 beginning on or after July 1, 2000." 5 34 #2. Title page, by striking lines 1 through 4 and 5 35 inserting the following: "An Act relating to income 5 36 tax and property tax relief by increasing the 5 37 deduction for pension income under the state income 5 38 tax, increasing the school foundation base, providing 5 39 an increase in the uniform levy, providing on-time 5 40 funding for special education under the school 5 41 foundation aid program, and including effective and 5 42 applicability date provisions." 5 43 5 44 5 45 5 46 SHOULTZ of Black Hawk 5 47 HF 744.302 78 5 48 mg/cf
Text: H01536 Text: H01538 Text: H01500 - H01599 Text: H Index Bills and Amendments: General Index Bill History: General Index
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