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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