Text: H01601 Text: H01603 Text: H01600 - H01699 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 700 as follows: 1 2 #1. Page 30, by inserting after line 27 the 1 3 following: 1 4 "Sec. . Section 96.7, subsection 12, paragraph 1 5 a, Code 2003, is amended to read as follows: 1 6 a. An employer other than a governmental entity or 1 7 a nonprofit organization, subject to this chapter, 1 8 shall pay an administrative contribution surcharge 1 9 equal in amount to one-tenth of one percent of federal 1 10 taxable wages, as defined in section 96.19, subsection 1 11 37, paragraph "b", subject to the surcharge formula to 1 12 be developed by the department under this paragraph. 1 13 The department shall develop a surcharge formula that 1 14 provides a target revenue level of no greater than six 1 15 million five hundred twenty-five thousand dollars 1 16annuallyfor calendar years 2003, 2004, and 2005 and a 1 17 target revenue level of no greater than three million 1 18 two hundred sixty-two thousand five hundred dollars 1 19 for calendar year 2006 and each subsequent calendar 1 20 year. The department shall reduce the administrative 1 21 contribution surcharge established for any calendar 1 22 year proportionate to any federal government funding 1 23 that provides an increased allocation of moneys for 1 24 workforce development offices, under the federal 1 25 employment services financing reform legislation. Any 1 26 administrative contribution surcharge revenue that is 1 27 collected in calendar year20022003, 2004, or 2005 in 1 28 excess of six million five hundred twenty-five 1 29 thousand dollars or in calendar year 2006 or a 1 30 subsequent calendar year in excess of three million 1 31 two hundred sixty-two thousand five hundred dollars 1 32 shall be deducted from the amount to be collected in 1 33 the subsequent calendar year 2003 before the 1 34 department establishes the administrative contribution 1 35 surcharge. The department shall recompute the amount 1 36 as a percentage of taxable wages, as defined in 1 37 section 96.19, subsection 37, and shall add the 1 38 percentage surcharge to the employer's contribution 1 39 rate determined under this section. The percentage 1 40 surcharge shall be capped at a maximum of seven 1 41 dollars per employee. The department shall adopt 1 42 rules prescribing the manner in which the surcharge 1 43 will be collected. Interest shall accrue on all 1 44 unpaid surcharges under this subsection at the same 1 45 rate as on regular contributions and shall be 1 46 collectible in the same manner. Interest accrued and 1 47 collected under this paragraph and interest earned and 1 48 credited to the fund under paragraph "b" shall be used 1 49 by the department only for the purposes set forth in 1 50 paragraph "c". 2 1 Sec. . Section 96.7, subsection 12, paragraph 2 2 d, Code 2003, is amended to read as follows: 2 3 d. This subsection is repealed July 1,20032006, 2 4 and the repeal is applicable to contribution rates for 2 5 calendar year20042007 and subsequent calendar 2 6 years." 2 7 #2. Page 46, by inserting after line 15 the 2 8 following: 2 9 " . The amendment to section 96.7." 2 10 2 11 2 12 2 13 T. TAYLOR of Linn 2 14 HF 700.315 80 2 15 mg/cf
Text: H01601 Text: H01603 Text: H01600 - H01699 Text: H Index Bills and Amendments: General Index Bill History: General Index
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