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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