Text: H08468 Text: H08470 Text: H08400 - H08499 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend the amendment, H-8422, to Senate File 2228, 1 2 as passed by the Senate, as follows: 1 3 #1. By striking everything after the amending 1 4 clause and inserting the following: 1 5 "# . Page 1, by inserting before line 1 the 1 6 following: 1 7 "Section 1. NEW SECTION. 99F.11A ADDITIONAL 1 8 WAGERING TAX. 1 9 1. Beginning January 1, 2003, in addition to the 1 10 tax imposed in section 99F.11, a tax is imposed on the 1 11 adjusted gross receipts in excess of three million 1 12 dollars received annually by an excursion gambling 1 13 boat at the rate of fourteen percent for the 2003 1 14 calendar year and at the rate of sixteen percent for 1 15 the 2004 and subsequent calendar years. The taxes 1 16 shall be paid to the treasurer of state within ten 1 17 days of each gambling day. 1 18 2. The amount of the additional adjusted gross 1 19 receipts tax imposed under subsection 1 shall be 1 20 deposited into the school district wagering tax fund 1 21 created in section 293.1. 1 22 Sec. . NEW SECTION. 293.1 SCHOOL DISTRICT 1 23 WAGERING TAX FUND. 1 24 1. A school district wagering tax fund is created 1 25 as a separate and distinct fund in the state treasury 1 26 under the control of the department of education. 1 27 Moneys in the fund include revenues credited to the 1 28 fund pursuant to section 99F.11A, subsection 2, 1 29 appropriations made to the fund, and other moneys 1 30 deposited into the fund. The moneys credited in a 1 31 fiscal year to the fund shall be distributed as 1 32 provided in subsection 2. 1 33 2. a. Moneys in the school district wagering tax 1 34 fund shall be distributed to school districts not 1 35 receiving moneys from a local sales and services tax 1 36 for school infrastructure purposes under chapter 422E 1 37 on a per student basis calculated by the director of 1 38 the department of education by dividing the moneys 1 39 available during the previous calendar quarter by the 1 40 combined actual enrollment for all school districts 1 41 receiving distributions under this subsection. 1 42 b. The combined actual enrollment for school 1 43 districts, for purposes of paragraph "a", shall be 1 44 calculated by adding together the actual enrollment 1 45 for each school district receiving distributions under 1 46 paragraph "a" as determined by the department of 1 47 management based on the actual enrollment figures 1 48 reported by October 1 to the department of management 1 49 by the department of education pursuant to section 1 50 257.6, subsection 1. 2 1 3. A school district receiving moneys from a local 2 2 sales and services tax for school infrastructure 2 3 purposes under chapter 422E shall be entitled to 2 4 receive moneys pursuant to subsection 2 beginning with 2 5 the first fiscal year following repeal of the local 2 6 sales and services tax under chapter 422E. 2 7 Sec. . NEW SECTION. 293.2 USE OF SCHOOL 2 8 DISTRICT WAGERING TAX FUND MONEYS. 2 9 1. a. Moneys received by a school district from 2 10 the school district wagering tax fund under section 2 11 293.1, subsection 2, shall be spent for infrastructure 2 12 purposes according to an infrastructure plan developed 2 13 by the board of directors. The infrastructure plan 2 14 may apply to more than one fiscal year, but shall be 2 15 reviewed periodically by the board of directors. 2 16 Prior to adoption of the plan, the board of directors 2 17 shall hold a public hearing on the question of 2 18 approval of the proposed plan. The board shall set 2 19 forth its proposal and shall publish the notice of the 2 20 time and place of a public hearing on the proposed 2 21 plan. Notice of the time and place of the public 2 22 hearing shall be published not less than ten nor more 2 23 than twenty days before the public hearing in a 2 24 newspaper which is a newspaper of general circulation 2 25 in the school district. At the hearing, or no later 2 26 than thirty days after the date of the hearing, the 2 27 board shall take action to adopt the proposed plan. 2 28 b. If the board adopts the plan, the board shall 2 29 direct the county commissioner of elections to submit 2 30 the question of the approval or disapproval of the 2 31 infrastructure plan to the registered voters of the 2 32 school district at the next following regular school 2 33 election or a special election. If a majority of 2 34 those voting on the question favor the plan of the 2 35 board, the moneys received shall be used according to 2 36 the plan beginning with the first fiscal year 2 37 following that election until a change in the plan is 2 38 approved at a subsequent election by a majority of 2 39 those voting on the question. If a majority of those 2 40 voting on the question at the election does not favor 2 41 the plan of the board, the district shall use the 2 42 moneys received as provided in paragraph "c" for the 2 43 fiscal year. 2 44 c. If the infrastructure plan is not approved at 2 45 an election as provided in paragraph "b", or if a plan 2 46 is not approved by the board, moneys received by a 2 47 school district or moneys in excess of those needed 2 48 for infrastructure purposes according to an approved 2 49 plan shall be maintained in a separate fund set up by 2 50 the board and shall only be used for purposes of an 3 1 approved infrastructure plan. 3 2 2. For purposes of this subsection, 3 3 "infrastructure purposes" means those purposes for 3 4 which a school district is authorized to contract 3 5 indebtedness and issue general obligation bonds under 3 6 chapter 296 or to expend tax revenues under section 3 7 298.3, the payment of principal and interest on 3 8 general obligation bonds issued under chapter 296 or 3 9 section 298.20 or loan agreements under section 3 10 297.36, payments made pursuant to a real property 3 11 lease or lease-purchase agreement." 3 12 # . Title page, line 2, by inserting after the 3 13 word "purposes" the following: "and of school 3 14 district moneys received from the increase in the 3 15 wagering tax"." 3 16 3 17 3 18 3 19 FALLON of Polk 3 20 SF 2228.307 79 3 21 mg/cf
Text: H08468 Text: H08470 Text: H08400 - H08499 Text: H Index Bills and Amendments: General Index Bill History: General Index
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