Text: H01359 Text: H01361 Text: H01300 - H01399 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 663 as follows: 1 2 #1. Page 6, by striking lines 25 through 30 and 1 3 inserting following: 1 4 "e. The amount of tax receipts credited to the 1 5 account within the secure an advanced vision for 1 6 education fund maintained in the name of a school 1 7 district shall be distributed to that school district 1 8 as provided in paragraphs "a", "b", and "c". Any 1 9 additional moneys available to the school district 1 10 from the fund shall be determined and distributed as a 1 11 supplemental school infrastructure amount as provided 1 12 in section 422E.3A, subsection 3." 1 13 #2. Page 7, line 16, by inserting after the word 1 14 "fund." the following: "Appropriations made to the 1 15 fund shall be credited to a separate appropriations 1 16 account." 1 17 #3. By striking page 7, line 19 through page 10, 1 18 line 31 and inserting the following: 1 19 "2. a. For purposes of the distributions in 1 20 subsection 3, the department of education, in 1 21 consultation with the departments of management and 1 22 revenue and finance, shall compute by June 1 preceding 1 23 each budget year the income surtax capacity, property 1 24 tax infrastructure capacity, and sales tax capacity 1 25 for each school district in the state even if the 1 26 school district is not located in whole or in part in 1 27 a county that has imposed the local sales and services 1 28 tax for school infrastructure purposes under this 1 29 chapter. 1 30 (1) "Actual enrollment for a school district" 1 31 means the actual enrollment as reported by October 1 1 32 to the department of management by the department of 1 33 education pursuant to section 257.6, subsection 1. 1 34 (2) "Income surtax capacity" means the estimated 1 35 amount of revenues that a school district would 1 36 receive if an income surtax of twenty percent was 1 37 imposed on the individual income tax liability for the 1 38 preceding calendar year of individuals residing in the 1 39 school district divided by the school district's 1 40 actual enrollment. 1 41 (2) "Property tax infrastructure capacity" means 1 42 the sum of a school district's levies under sections 1 43 298.2 and 298.18 when the levies are imposed to the 1 44 maximum extent allowable under law in the budget year 1 45 on property located within the school district divided 1 46 by the school district's actual enrollment. 1 47 (3) "Sales tax capacity" means the estimated 1 48 amount of revenues that a school district receives or 1 49 would receive if a local sales and services tax for 1 50 school infrastructure is imposed at one percent 2 1 pursuant to this chapter, divided by the school 2 2 district's actual enrollment. 2 3 (4) "Tax capacity inequity" means the difference 2 4 between the highest total tax capacity in the state 2 5 and a school district's total tax capacity. 2 6 (5) "Total tax capacity" means the sum of a school 2 7 district's income surtax capacity plus property tax 2 8 infrastructure capacity plus sales tax capacity. 2 9 3. The appropriations credited in a fiscal year to 2 10 the appropriations account of the secure an advanced 2 11 vision for education fund shall be distributed as a 2 12 supplemental school infrastructure amount as follows: 2 13 a. The department of education shall compute the 2 14 total tax capacity and the tax capacity inequity of 2 15 each school district located in the state. 2 16 b. The department of revenue and finance, in 2 17 conjunction with the department of education, shall 2 18 distribute a supplemental school infrastructure amount 2 19 to each school district that has a tax capacity 2 20 inequity. The amount of the supplemental school 2 21 infrastructure amount distributed shall be an equal 2 22 percentage of the tax capacity inequity to each of 2 23 such school districts. However, a school district 2 24 shall not receive more than its tax capacity inequity 2 25 amount." 2 26 #4. Page 11, line 35, by striking the words and 2 27 figure "2, paragraph "b"" and inserting the following: 2 28 "3". 2 29 2 30 2 31 2 32 HOGG of Linn 2 33 HF 663.503 80 2 34 mg/pj
Text: H01359 Text: H01361 Text: H01300 - H01399 Text: H Index Bills and Amendments: General Index Bill History: General Index
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