Text: SF02207                           Text: SF02209
Text: SF02200 - SF02299                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index


Senate File 2208

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  SALES TAX SURVEY.  The Iowa state university of
  1  2 science and technology in conjunction with the department of
  1  3 revenue and finance shall conduct a survey to determine the
  1  4 residency of persons paying sales tax in the state and the
  1  5 location where the sales tax is paid.  The purpose of the
  1  6 survey is to develop a distribution formula for local sales
  1  7 and services tax revenues collected for school infrastructure
  1  8 purposes under chapter 422E, which formula would base the
  1  9 distribution of such revenues back to the school district of
  1 10 the retail purchaser paying the tax.  The results of the
  1 11 survey and the distribution formula shall be submitted to the
  1 12 members of the general assembly by January 15, 2001, with
  1 13 copies also sent to the legislative fiscal bureau legislative
  1 14 service bureau.  Notwithstanding any other provision, the
  1 15 director of revenue and finance shall use the formula to
  1 16 distribute local sales and use tax revenues beginning with the
  1 17 fiscal year beginning July 1, 2001, subject to the
  1 18 distribution formula's approval by the general assembly.
  1 19    Iowa state university of science and technology may request
  1 20 reimbursement from the legislative council for the cost of
  1 21 conducting the survey and developing the distribution formula.
  1 22 Any reimbursement authorized by the legislative council shall
  1 23 be paid from funds available pursuant to section 2.12.
  1 24    Sec. 2.  EFFECTIVE DATE.  This Act, being deemed of
  1 25 immediate importance, takes effect upon enactment.  
  1 26                           EXPLANATION
  1 27    This bill directs Iowa state university (ISU) in
  1 28 conjunction with the department of revenue and finance to
  1 29 conduct a survey for purposes of developing a formula that
  1 30 will provide for the distribution of local sales and services
  1 31 tax revenues collected for school infrastructure based upon
  1 32 the residency of the purchaser paying the tax.  ISU is to
  1 33 submit its survey results and proposed distribution formula to
  1 34 the general assembly by January 15, 2001.  The distribution
  1 35 formula shall be used beginning with the fiscal year 2001-
  2  1 2002, subject to approval by the general assembly.  ISU may
  2  2 request reimbursement from the legislative council for its
  2  3 costs in conducting the survey and developing the formula.
  2  4    The bill takes effect upon enactment.  
  2  5 LSB 6141XS 78
  2  6 mg/cf/24.2
     

Text: SF02207                           Text: SF02209
Text: SF02200 - SF02299                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

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