Text: SF02126 Text: SF02128 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 260C.22A EMPLOYEE MANAGEMENT
1 2 LEVY.
1 3 Annually, the board of directors may certify for levy a tax
1 4 on taxable property in the merged area for a community college
1 5 employee management levy. The levy shall be in an amount
1 6 which shall raise not more than the sum of the community
1 7 college's budgeted employer contributions under the Federal
1 8 Insurance Contributions Act and the community college's
1 9 budgeted employer contributions to its employee's retirement
1 10 systems for the fiscal year of collection. The tax shall be
1 11 collected by the county treasurers and remitted to the
1 12 treasurer of the merged area as provided in section 331.552,
1 13 subsection 29. The proceeds of the tax shall be deposited in
1 14 a separate and distinct fund to be known as the employee
1 15 management levy fund to be paid out upon warrants drawn by the
1 16 president and secretary of the board of directors of the
1 17 merged area for the payment of costs incurred by the community
1 18 college for employer contributions under the Federal Insurance
1 19 Contributions Act and for employer contributions to its
1 20 employee's retirement systems.
1 21 Sec. 2. Section 331.512, subsection 1, Code 2003, is
1 22 amended by adding the following new paragraph after paragraph
1 23 h:
1 24 NEW PARAGRAPH. hh. The levy of an employee management tax
1 25 by a community college as provided in section 260C.22A.
1 26 Sec. 3. Section 331.559, Code Supplement 2003, is amended
1 27 by adding the following new subsection:
1 28 NEW SUBSECTION. 5A. Collect the tax levied for employee
1 29 management purposes by a community college as provided in
1 30 section 260C.22A.
1 31 EXPLANATION
1 32 This bill provides for the establishment of a community
1 33 college employee management levy. The bill provides that the
1 34 community college board of directors may annually certify for
1 35 levy a tax on taxable property in the merged area in an amount
2 1 up to the sum of the community college's budgeted employer
2 2 contributions under the Federal Insurance Contributions Act
2 3 and the community college's budgeted employer contributions to
2 4 their employee's retirement systems for the fiscal year of
2 5 collection. The bill provides that the proceeds of the tax
2 6 shall be deposited in an employee management levy fund and
2 7 expended for the payment of costs incurred by the community
2 8 college for employer contributions under the Federal Insurance
2 9 Contributions Act and for employer contributions to their
2 10 employee's retirement systems. The bill provides for
2 11 conforming changes to Code sections 331.512 and 331.559
2 12 relating to collection of the tax.
2 13 LSB 5496XS 80
2 14 rn/gg/14
Text: SF02126 Text: SF02128 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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