Text: SF02207 Text: SF02209 Text: SF02200 - SF02299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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
© 2000 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Fri Feb 25 03:35:02 CST 2000
URL: /DOCS/GA/78GA/Legislation/SF/02200/SF02208/000217.html
jhf