House Journal: Page 1796: Thursday, May 3, 2001
22 management based on the actual enrollment figures
23 reported by October 1 to the department of management
24 by the department of education pursuant to section
25 257.6, subsection 1. The combined actual enrollment
26 count shall be forwarded to the director of revenue
27 and finance by March 1, annually, for purposes of
28 supplying estimated tax payment figures and making
29 estimated tax payments pursuant to subsection 3 for
30 the following fiscal year.
31 2. a. For purposes of distributions under
32 subsection 1, paragraph "a", the school district's
33 guaranteed school infrastructure amount shall be
34 calculated according to the following formula:
35 The district's guaranteed school infrastructure
36 amount equals the product of the county guaranteed
37 school infrastructure amount times the district's
38 county actual enrollment divided by the county
39 combined actual enrollment.
40 b. For purposes of the formula in paragraph "a":
41 (1) "Base year" means the fiscal year beginning
42 July 1, 2000.
43 (2) "Base year county taxable sales percentage"
44 means the percentage that the taxable sales in the
45 county during the base year is of the total state
46 taxable sales during the base year.
47 (3) "County combined actual enrollment" means the
48 actual enrollment figures determined by the department
49 of management for the county based on the actual
50 enrollment figures reported by October 1 to the
Page 3
1 department of management by the department of
2 education pursuant to section 257.6, subsection 1.
3 (4) "County guaranteed school infrastructure
4 amount" means an amount equal to the product of the
5 county's chapter 422E proportionate share times the
6 amount deposited in the school district sales and use
7 tax fund for the current year times the current year
8 county taxable sales percentage divided by the base
9 year county taxable sales percentage.
10 (5) "County's chapter 422E proportionate share"
11 means the percentage that the annualized revenues
12 received in the county under chapter 422E for the base
13 year is of one-fifth of the total state sales and use
14 tax revenues collected for deposit into the general
15 fund of the state for the base year.
16 (6) "Current year" means the fiscal year for which
17 distributions under this section are being made.
18 (7) "Current year county taxable sales percentage"
19 means the percentage that the taxable sales in the
20 county during the current fiscal year is of the total
© 2001 Cornell College and
League of Women Voters of Iowa
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