Text: SF00204 Text: SF00206 Text: SF00200 - SF00299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 257.3, subsection 2, Code 2003, is 1 2 amended to read as follows: 1 3 2. TAX FOR REORGANIZED AND DISSOLVED DISTRICTS. 1 4 a. Notwithstanding subsection 1, a reorganized school 1 5 district shall cause a foundation property tax of four dollars 1 6 and forty cents per thousand dollars of assessed valuation to 1 7 be levied on all taxable property which, in the year preceding 1 8 a reorganization, was within a school district affected by the 1 9 reorganization as defined in section 275.1, or in the year 1 10 preceding a dissolution was a part of a school district that 1 11 dissolved if the dissolution proposal has been approved by the 1 12 director of the department of education pursuant to section 1 13 275.55.In the year preceding the reorganization or1 14dissolution, the school district affected by the1 15reorganization or the school district that dissolved must have1 16had a certified enrollment of fewer than six hundred in order1 17for the four-dollar-and-forty-cent levy to apply.1 18 b. In succeeding school years, the foundation property tax 1 19 levy on that portion shall be increased to the rate of four 1 20 dollars and ninety cents per thousand dollars of assessed 1 21 valuation the first succeeding year, five dollars and fifteen 1 22 cents per thousand dollars of assessed valuation the second 1 23 succeeding year, and five dollars and forty cents per thousand 1 24 dollars of assessed valuation the third succeeding year and 1 25 each year thereafter. 1 26 c. The foundation property tax levy reduction pursuant to 1 27 this subsection shall be available if either of the following 1 28 apply: 1 29 (1) In the year preceding the reorganization or 1 30 dissolution, the school district affected by the 1 31 reorganization or the school district that dissolved had a 1 32 certified enrollment of fewer than six hundred pupils. 1 33 (2) In the year preceding the reorganization or 1 34 dissolution, the school district affected by the 1 35 reorganization or the school district that dissolved had a 2 1 certified enrollment of six hundred pupils or greater, and 2 2 entered into a reorganization or dissolution with one or more 2 3 school districts with a certified enrollment of fewer than six 2 4 hundred pupils. The amount of foundation property tax 2 5 reduction received by a school district qualifying for the 2 6 reduction pursuant to this subparagraph shall not exceed the 2 7 highest reduction amount provided in paragraphs "a" and "b" 2 8 received by any of the school districts with a certified 2 9 enrollment of fewer than six hundred pupils involved in the 2 10 reorganization pursuant to subparagraph (1) of this paragraph 2 11 "c". 2 12 d. For purposes of this section, a reorganized school 2 13 district is one which absorbs at least thirty percent of the 2 14 enrollment of the school district affected by a reorganization 2 15 or dissolved during a dissolution and in which action to bring 2 16 about a reorganization or dissolution is initiated by a vote 2 17 of the board of directors or jointly by the affected boards of 2 18 directors to take effect on or after July 1, 2002, and on or 2 19 before July 1, 2006. Each district which initiated, by a vote 2 20 of the board of directors or jointly by the affected boards, 2 21 action to bring about a reorganization or dissolution to take 2 22 effect on or after July 1, 2002, and on or before July 1, 2 23 2006, shall certify the date and the nature of the action 2 24 taken to the department of education by January 1 of the year 2 25 in which the reorganization or dissolution takes effect. 2 26 Sec. 2. EFFECTIVE DATE. This Act, being deemed of 2 27 immediate importance, takes effect upon enactment. 2 28 EXPLANATION 2 29 This bill provides for changes relating to school 2 30 reorganization incentives for specified school districts. The 2 31 bill provides that a school district with a certified 2 32 enrollment of 600 pupils or greater will qualify for a reduced 2 33 foundation property tax rate if the district meets the 2 34 requirements of Code section 257.3, subsection 2. Currently, 2 35 this subsection enables a school district with a certified 3 1 enrollment of fewer than 600 pupils to qualify for a 3 2 foundation property tax rate of $4.40 per $1,000 of assessed 3 3 value on all taxable property which, in the year preceding a 3 4 reorganization, was within a school district affected by a 3 5 reorganization or dissolution taking effect on or after July 3 6 1, 2002, and on or before July 1, 2006. The subsection also 3 7 provides that the reduced rate shall be increased in 3 8 subsequent years on a graduated basis of $4.90 per $1,000 of 3 9 assessed valuation the first succeeding year, $5.15 per $1,000 3 10 of assessed valuation the second succeeding year, and $5.40 3 11 per $1,000 of assessed valuation the third succeeding year and 3 12 each year thereafter. 3 13 The bill provides that the reduced rates shall be available 3 14 to a school district with a certified enrollment of 600 pupils 3 15 or greater if that district enters into a reorganization or 3 16 dissolution with a school district with a certified enrollment 3 17 of fewer than 600 pupils. The bill additionally provides that 3 18 the amount of property tax reduction for a school district 3 19 with a certified enrollment of 600 pupils or greater shall not 3 20 exceed the reduction amount received by a school district with 3 21 a certified enrollment of fewer than 600 pupils with which the 3 22 larger school district is involved in a reorganization or 3 23 dissolution. 3 24 The bill takes effect upon enactment. 3 25 LSB 1022XS 80 3 26 rn/cl/14.1
Text: SF00204 Text: SF00206 Text: SF00200 - SF00299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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