Text: H01376 Text: H01378 Text: H01300 - H01399 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend Senate File 445, as amended, passed, and
1 2 reprinted by the Senate, as follows:
1 3 #1. By striking page 5, line 34, through page 6,
1 4 line 4, and inserting following:
1 5 "e. The amount of tax receipts credited to the
1 6 account within the secure an advanced vision for
1 7 education fund maintained in the name of a school
1 8 district shall be distributed to that school district
1 9 as provided in paragraphs "a", "b", and "c". Any
1 10 additional moneys available to the school district
1 11 from the fund shall be determined and distributed as a
1 12 supplemental school infrastructure amount as provided
1 13 in section 422E.3A, subsection 3."
1 14 #2. Page 6, line 25, by inserting after the word
1 15 "fund." the following: "Appropriations made to the
1 16 fund shall be credited to a separate appropriations
1 17 account."
1 18 #3. By striking page 6, line 28 through page 10,
1 19 line 5 and inserting the following:
1 20 "2. a. For purposes of the distributions in
1 21 subsection 3, the department of education, in
1 22 consultation with the departments of management and
1 23 revenue and finance, shall compute by June 1 preceding
1 24 each budget year the income surtax capacity, property
1 25 tax infrastructure capacity, and sales tax capacity
1 26 for each school district in the state even if the
1 27 school district is not located in whole or in part in
1 28 a county that has imposed the local sales and services
1 29 tax for school infrastructure purposes under this
1 30 chapter.
1 31 (1) "Actual enrollment for a school district"
1 32 means the actual enrollment as reported by October 1
1 33 to the department of management by the department of
1 34 education pursuant to section 257.6, subsection 1.
1 35 (2) "Income surtax capacity" means the estimated
1 36 amount of revenues that a school district would
1 37 receive if an income surtax of twenty percent was
1 38 imposed on the individual income tax liability for the
1 39 preceding calendar year of individuals residing in the
1 40 school district divided by the school district's
1 41 actual enrollment.
1 42 (2) "Property tax infrastructure capacity" means
1 43 the sum of a school district's levies under sections
1 44 298.2 and 298.18 when the levies are imposed to the
1 45 maximum extent allowable under law in the budget year
1 46 on property located within the school district divided
1 47 by the school district's actual enrollment.
1 48 (3) "Sales tax capacity" means the estimated
1 49 amount of revenues that a school district receives or
1 50 would receive if a local sales and services tax for
2 1 school infrastructure is imposed at one percent
2 2 pursuant to this chapter, divided by the school
2 3 district's actual enrollment.
2 4 (4) "Tax capacity inequity" means the difference
2 5 between the highest total tax capacity in the state
2 6 and a school district's total tax capacity.
2 7 (5) "Total tax capacity" means the sum of a school
2 8 district's income surtax capacity plus property tax
2 9 infrastructure capacity plus sales tax capacity.
2 10 3. The appropriations credited in a fiscal year to
2 11 the appropriations account of the secure an advanced
2 12 vision for education fund shall be distributed as a
2 13 supplemental school infrastructure amount as follows:
2 14 a. The department of education shall compute the
2 15 total tax capacity and the tax capacity inequity of
2 16 each school district located in the state.
2 17 b. The department of revenue and finance, in
2 18 conjunction with the department of education, shall
2 19 distribute a supplemental school infrastructure amount
2 20 to each school district that has a tax capacity
2 21 inequity. The amount of the supplemental school
2 22 infrastructure amount distributed shall be an equal
2 23 percentage of the tax capacity inequity to each of
2 24 such school districts multiplied by the actual
2 25 enrollment for each such school district. However, a
2 26 school district shall not receive more than its tax
2 27 capacity inequity amount multiplied by its actual
2 28 enrollment."
2 29 #4. Page 11, line 16, by striking the words and
2 30 figure "2, paragraph "b"" and inserting the following:
2 31 "3".
2 32
2 33
2 34
2 35 HOGG of Linn
2 36 SF 445.203 80
2 37 mg/sh
Text: H01376 Text: H01378 Text: H01300 - H01399 Text: H Index Bills and Amendments: General Index Bill History: General Index
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