Text: SF00416 Text: SF00418 Text: SF00400 - SF00499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 422E.3, subsection 4, Code 1999, is 1 2 amended to read as follows: 1 3 4. The director of revenue and finance shall credit tax 1 4 receipts and interest and penalties from the local sales and 1 5 services tax for school infrastructure purposes to an account 1 6 within the county's local sales and services tax fund, as 1 7 created in section 422B.10, subsection 1, maintained in the 1 8 name of the school district or school districtslocated within1 9 entitled to receive moneys from the receipts collected in the 1 10 county. If the director is unable to determine from which 1 11 county any of the receipts were collected, those receipts 1 12 shall be allocated among the possible counties based on 1 13 allocation rules adopted by the director. 1 14 Sec. 2. Section 422E.3, subsection 5, Code 1999, is 1 15 amended by striking the subsection and inserting in lieu 1 16 thereof the following: 1 17 5. a. Tax receipts collected on or after January 1, 2000, 1 18 shall be distributed on a quarterly basis as follows: 1 19 (1) The county percentage of total tax receipts collected 1 20 during the calendar quarter in the county shall be distributed 1 21 to school districts located in the county as provided in 1 22 subparagraph (3). 1 23 (2) The noncounty percentage of total tax receipts 1 24 collected during the calendar quarter in the county shall be 1 25 distributed to school districts located outside of the county 1 26 as provided in subparagraph (3). 1 27 (3) Each school district shall receive a portion of the 1 28 tax receipts to be distributed in the county or outside of the 1 29 county, as the case may be, equal to the quotient of the 1 30 credit card sales attributed to the school district divided by 1 31 the total credit card sales in the county or outside of the 1 32 county, as the case may be. "Credit card sales attributed to 1 33 the school district" is the sum of the credit card sales from 1 34 cards which identify the cardholder by the school district 1 35 number plus the credit card sales from cards which do not 2 1 identify the cardholder by school district number but which 2 2 identify the cardholder by a zip code number of a zip code 2 3 area located within the school district. A zip code area 2 4 which contains parts of more than one school district is 2 5 considered to be located within the school district which 2 6 contains a larger area of the zip code area than any of the 2 7 other school districts. 2 8 b. Tax receipts collected in a calendar quarter shall be 2 9 distributed to the appropriate school district by the 2 10 fifteenth of the second month following the end of the 2 11 calendar quarter. 2 12 Any tax receipts which have not been designated to be 2 13 distributed to a school district in the state shall be 2 14 available to cover the administrative expenses incurred by the 2 15 department of revenue and finance. 2 16 c. For purposes of this subsection: 2 17 (1) "County percentage" means the percentage of all 2 18 taxable purchases in the county paid for with credit cards by 2 19 purchasers with zip code addresses located in the county. 2 20 (2) "Noncounty percentage" means the percentage of all 2 21 taxable purchases in the county paid for with credit cards by 2 22 purchasers with zip code addresses located outside of the 2 23 county. 2 24 d. The percentages in paragraph "c" shall be determined 2 25 for the designated calendar quarters as follows: 2 26 (1) For the calendar quarter beginning January 1, 2000, 2 27 the appropriate percentages shall be based on such percentages 2 28 computed for the entire previous calendar quarter. 2 29 (2) For the calendar quarter beginning April 1, 2000, the 2 30 appropriate percentages shall be based on the average of such 2 31 percentages computed for each of the entire previous two 2 32 calendar quarters. 2 33 (3) For the calendar quarter beginning July 1, 2000, the 2 34 appropriate percentages shall be based on the average of such 2 35 percentages computed for each of the entire previous three 3 1 calendar quarters. 3 2 (4) For the calendar quarter beginning October 1, 2000, 3 3 and succeeding calendar quarters, the appropriate percentages 3 4 shall be based on the average of such percentages computed for 3 5 each of the entire previous four calendar quarters. 3 6 Sec. 3. Section 422E.3, Code 1999, is amended by adding 3 7 the following new subsections: 3 8 NEW SUBSECTION. 5A. Credit card issuers with credit 3 9 cardholders in this state shall assist the department of 3 10 revenue and finance in the distribution of tax receipts by 3 11 tabulating or providing tabulation through retailers or 3 12 database intermediaries that provide tabulation to retailers 3 13 of the total amount of taxable credit card sales made in the 3 14 county that has imposed a local sales and services tax under 3 15 this chapter. The figures shall be broken down by the zip 3 16 code numbers of the purchasers and by the school district 3 17 numbers, to the extent available. 3 18 When renewing credit cards after January 1, 2000, credit 3 19 card issuers shall provide as part of the identification of 3 20 the credit cardholder the school district number of the school 3 21 district where the holder resides. By October 1, 2002, credit 3 22 cardholders with residences in this state shall be identified 3 23 not only by zip code numbers as part of their addresses but 3 24 also by the school district number of the school district in 3 25 which they reside. 3 26 NEW SUBSECTION. 5B. Beginning January 1, 2003, for 3 27 distributions made after that date, the department of revenue 3 28 and finance shall adjust the distribution formula under 3 29 subsection 5 to reflect the general use of school district 3 30 numbers as part of the credit cardholders' addresses. The 3 31 department shall continue to make use of zip code numbers to 3 32 the extent those addresses do not contain school district 3 33 numbers. 3 34 Sec. 4. This Act takes effect January 1, 2000, for tax 3 35 receipts collected on or after January 1, 2000, and for 4 1 distributions of those tax receipts made on or after April 1, 4 2 2000. 4 3 EXPLANATION 4 4 This bill provides for the distribution of the local sales 4 5 and services tax for school infrastructure purposes to be made 4 6 based upon the zip code number of the addresses of the 4 7 purchasers of taxable goods in counties that have imposed the 4 8 tax. This is done by determining the total amount of taxable 4 9 sales in a county with the local tax which is paid for by 4 10 credit cards. This amount is divided into the amount of such 4 11 sales which are made by purchasers with zip codes located in 4 12 the county. The resulting percentage multiplied by the total 4 13 sales made in the county equals the amount of the tax receipts 4 14 to be distributed to schools located in the county. The total 4 15 taxable sales in the county divided into the taxable credit 4 16 card sales made by purchasers with zip codes located outside 4 17 of the county determines the percentage of total sales in the 4 18 county which will be distributed to school districts located 4 19 outside of the county. Any excess tax receipts may be used 4 20 for administration expenses. Within three years, the above 4 21 distribution formula will be based upon school district 4 22 numbers. 4 23 The bill takes effect January 1, 2000, for the distribution 4 24 of tax receipts made on or after April 1, 2000. 4 25 LSB 2257XS 78 4 26 mg/sc/14
Text: SF00416 Text: SF00418 Text: SF00400 - SF00499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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