Text: HF00258 Text: HF00260 Text: HF00200 - HF00299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 331.423, subsection 2, Code 1999, is
1 2 amended by adding the following new unnumbered paragraph:
1 3 NEW UNNUMBERED PARAGRAPH. However, for property taxes
1 4 payable in fiscal years beginning on or after July 1, 1999,
1 5 and ending prior to July 1, 2007, the maximum rural county
1 6 services levy rate shall be reduced, as provided in section
1 7 405B.3, subsection 2, paragraph "b", for moneys to be received
1 8 by the county for property tax relief under chapter 405B.
1 9 Sec. 2. Section 384.1, Code 1999, is amended by adding the
1 10 following new unnumbered paragraph:
1 11 NEW UNNUMBERED PARAGRAPH. However, for property taxes
1 12 payable in fiscal years beginning on or after July 1, 1999,
1 13 and ending prior to July 1, 2007, the maximum general fund
1 14 levy rate, except for levies authorized in section 384.12,
1 15 shall be reduced, as provided in section 405B.3, subsection 2,
1 16 paragraph "a", for moneys to be received by the city for
1 17 property tax relief under chapter 405B.
1 18 Sec. 3. NEW SECTION. 405B.1 LOCAL PROPERTY TAX RELIEF,
1 19 TECHNOLOGY, AND INFRASTRUCTURE FUND – APPROPRIATIONS.
1 20 1. A local property tax relief, technology, and
1 21 infrastructure fund is created in the office of the treasurer
1 22 of state. The fund shall not be considered part of the
1 23 general fund of the state and any interest earned on moneys in
1 24 the fund shall be credited to the fund. The fund shall
1 25 consist of moneys appropriated to it pursuant to subsection 2,
1 26 interest earned on moneys in the fund, and other moneys
1 27 appropriated to or deposited into the fund.
1 28 2. For purposes of this subsection, "revenues generated by
1 29 the sales tax" means the estimated revenue from the sales tax,
1 30 imposed under chapter 422, division IV, made by the last
1 31 revenue estimating conference pursuant to section 8.22A
1 32 meeting prior to January 1 preceding the fiscal year for which
1 33 the appropriation in this subsection is to be made. There is
1 34 appropriated from the general fund of the state to the local
1 35 property tax relief, technology, and infrastructure fund the
2 1 following amounts for the designated fiscal years:
2 2 a. For the fiscal year beginning July 1, 1999, an amount
2 3 equal to four percent of the revenues generated by the sales
2 4 tax.
2 5 b. For the fiscal year beginning July 1, 2000, an amount
2 6 equal to four percent of the revenues generated by the sales
2 7 tax plus an additional four percent of the revenues generated
2 8 if subsection 3 is met.
2 9 c. For the fiscal year beginning July 1, 2001, an amount
2 10 equal to a percentage of the revenues generated by the sales
2 11 tax, which percentage equals the percentage figure used under
2 12 paragraph "b", plus an additional four percent of the revenues
2 13 generated, if subsection 3 is met.
2 14 d. For each fiscal year in the period beginning July 1,
2 15 2002, and ending June 30, 2007, an amount equal to a
2 16 percentage of the revenues generated by the sales tax, which
2 17 percentage equals the percentage figure used for the previous
2 18 fiscal year, plus an additional four percent of the revenues
2 19 generated, if subsection 3 is met. However, the amount
2 20 appropriated for a fiscal year shall not exceed a total of
2 21 twenty percent of revenues generated by the sales tax.
2 22 3. The additional four percent of revenues generated by
2 23 the sales tax, as specified in subsection 2, is appropriated
2 24 in any fiscal year only if the revenue estimate for the
2 25 general fund of the state for the fiscal year to which the
2 26 additional four percent would apply exceeds the revenue
2 27 estimate for the general fund of the state for the previous
2 28 fiscal year by four percent as both estimates are made by the
2 29 last revenue estimating conference pursuant to section 8.22A
2 30 meeting prior to January 1 preceding the fiscal year to which
2 31 the additional four percent would apply.
2 32 Sec. 4. NEW SECTION. 405B.2 DISTRIBUTION TO LOCAL
2 33 GOVERNMENTS – APPROPRIATIONS.
2 34 Moneys in the local property tax relief, technology, and
2 35 infrastructure fund are appropriated quarterly no later than
3 1 July 15, October 15, January 15, and April 15, and shall be
3 2 distributed as follows:
3 3 1. Sixty percent of the moneys shall be distributed to
3 4 school districts with each school district receiving an amount
3 5 equal to the percentage of the district's actual enrollment,
3 6 as defined in section 257.6, for the previous year to the
3 7 total actual enrollment for all school districts for the
3 8 previous year.
3 9 2. Forty percent of the moneys shall be distributed to
3 10 counties with each county receiving a pro rata amount based
3 11 upon the population of the county to the population of all
3 12 counties. Moneys received by each county shall be allocated
3 13 as follows:
3 14 a. To each city a pro rata amount based upon the
3 15 population of the city residing in the county to the total
3 16 population of the county.
3 17 b. After distribution to all cities located in the county,
3 18 the remaining funds shall be retained by the county.
3 19 Sec. 5. NEW SECTION. 405B.3 USE OF MONEYS – PROPERTY
3 20 TAX RELIEF – TECHNOLOGY – INFRASTRUCTURE.
3 21 1. Moneys received by school districts, cities, and
3 22 counties shall be used as follows:
3 23 a. Up to thirty percent in the case of cities and counties
3 24 and up to fifty percent in the case of school districts may be
3 25 used for the construction or repair of vertical or horizontal
3 26 infrastructure. "Vertical infrastructure" means facilities
3 27 that are predominately architectural in nature, have an
3 28 element of aesthetics, and are not merely functional in
3 29 nature. This specifically includes buildings and related site
3 30 improvements; the finishes, systems, equipment, and property
3 31 that service the building and site; and statues and monuments.
3 32 "Horizontal infrastructure" means facilities that are
3 33 predominately functional in nature and located at ground
3 34 level, under ground level, or parallel to and above ground
3 35 level. This specifically includes transportation facilities,
4 1 such as highways, bridges, streets, and bike trails; public
4 2 works utility distribution systems, such as sewer, water and
4 3 waste water pipes, and water retention facilities such as
4 4 dams; technological utility distribution systems, such as
4 5 telecommunication devices, transmission systems, and towers;
4 6 and utilitarian buildings directly related to the above
4 7 facilities, such as maintenance garages and water treatment
4 8 plants.
4 9 If a school district, city, or county does not use the
4 10 maximum percentage of the moneys received for infrastructure,
4 11 the remaining moneys shall be used as otherwise provided in
4 12 this subsection.
4 13 b. In the case of cities and counties, at least seventy
4 14 percent shall be used to reduce property taxes on a dollar-
4 15 for-dollar basis as computed pursuant to subsection 2.
4 16 c. In the case of a school, at least fifty percent shall
4 17 be used for property tax relief by reducing the additional
4 18 levy under section 257.4 or for the acquisition, lease, lease-
4 19 purchase, installation, and maintenance of instructional
4 20 technology equipment, including hardware and software,
4 21 materials, and supplies related to instructional technology
4 22 and for teacher in-service development, or for a combination
4 23 of both purposes.
4 24 2. a. Moneys to be received by each city in a fiscal year
4 25 which are to be used for property tax relief shall be used to
4 26 reduce the city's maximum levy rate for the general fund under
4 27 section 384.1. The maximum general fund levy rate for
4 28 property taxes payable in the fiscal year shall be reduced by
4 29 the rate per one thousand dollars that would raise the dollar
4 30 amount to be received by the city in the fiscal year.
4 31 b. Moneys to be received by each county in a fiscal year
4 32 which are to be used for property tax relief shall be used to
4 33 reduce the county's maximum levy rate for rural county
4 34 services under section 331.423, subsection 2. The maximum
4 35 rural county services levy rate for property taxes payable in
5 1 the fiscal year shall be reduced by the rate per one thousand
5 2 dollars that would raise the dollar amount to be received by
5 3 the county in the fiscal year.
5 4 c. Moneys to be received by a school district which the
5 5 school district will use for property tax relief shall be used
5 6 to reduce the district's additional levy pursuant to section
5 7 257.4. To provide the property tax relief, the district shall
5 8 notify the department of management of the approximate dollars
5 9 amount to be used for tax reduction in order for the
5 10 department to make its calculation under section 257.4,
5 11 subsection 1.
5 12 Sec. 6. NEW SECTION. 405B.4 CHAPTER APPLICATION AND
5 13 REPEAL.
5 14 This chapter applies to the fiscal years beginning on or
5 15 after July 1, 1999, and ending prior to July 1, 2007. This
5 16 chapter is repealed July 1, 2007, for fiscal years beginning
5 17 on or after July 1, 2007.
5 18 Sec. 7. EFFECTIVE DATE. This Act, being deemed of
5 19 immediate importance, takes effect upon enactment.
5 20 EXPLANATION
5 21 The bill provides for the sharing of state sales tax
5 22 revenue with school districts, cities, and counties beginning
5 23 with the 1999-2000 fiscal year and ending with the 2006-2007
5 24 fiscal year. The amount of the state sales tax revenue that
5 25 goes to local governments equals 4 percent of the sales tax
5 26 revenue. This is increased each of the next four years by an
5 27 additional 4 percent until the amount equals 20 percent, or
5 28 one cent, of the sales tax revenue. However, if the state
5 29 general fund revenue estimate for a fiscal year is not
5 30 expected to increase by 4 percent, then any scheduled increase
5 31 in revenue sharing is delayed.
5 32 Of moneys received by the cities and counties, at least 70
5 33 percent of the moneys are to be used for property tax relief
5 34 and up to 30 percent may be used for infrastructure needs.
5 35 The bill provides the method for providing property tax
6 1 relief. This involves reducing the maximum general fund levy
6 2 for cities, $8.10, and the maximum rural county services levy
6 3 for counties, $3.95.
6 4 For school districts, at least 50 percent of the moneys
6 5 must be used for providing specific property tax relief or for
6 6 acquiring instructional technology, including hardware,
6 7 software, and materials related to instructional technology
6 8 and for teacher in-service development, or for a combination
6 9 of the two. Up to 50 percent of the moneys may be used for
6 10 infrastructure needs.
6 11 The bill takes effect upon enactment. It applies to the
6 12 1999-2000 fiscal year through the 2006-2007 fiscal year.
6 13 LSB 1585HH 78
6 14 mg/jw/5.1
Text: HF00258 Text: HF00260 Text: HF00200 - HF00299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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