House Journal: Page 1273: Wednesday, April 23, 2003
11 sales and services tax paid under this chapter by
12 reason of taxes paid on goods, wares, or merchandise
13 under the conditions specified in section 422B.11.
14 The refund shall be paid by the department from the
15 appropriate school district's account in the local
16 sales and services tax secure an advanced vision for
17 education fund. The penalty provisions contained in
18 section 422B.11, subsection 3, shall apply regarding
19 an erroneous application for refund of local sales and
20 services tax paid under this chapter.
21 Sec. 8. NEW SECTION. 422E.3A SECURE AN ADVANCED
22 VISION FOR EDUCATION FUND.
23 1. A secure an advanced vision for education fund
24 is created as a separate and distinct fund in the
25 state treasury under the control of the department of
26 revenue and finance. Moneys in the fund include
27 revenues credited to the fund pursuant to this
28 chapter, appropriations made to the fund, and other
29 moneys deposited into the fund. Any amounts disbursed
30 from the fund shall be utilized for school
31 infrastructure purposes or property tax relief.
32 2. The moneys credited in a fiscal year to the
33 secure an advanced vision for education fund shall be
34 distributed as follows:
35 a. A school district that is located in whole or
36 in part in a county that voted on and approved prior
37 to April 1, 2003, the local sales and services tax for
38 school infrastructure purposes and that has a sales
39 tax capacity per student above the guaranteed school
40 infrastructure amount shall receive an amount equal to
41 its pro rata share of the local sales and services tax
42 receipts as provided in section 422E.3, subsection 5,
43 paragraph "d".
44 b. (1) A school district that is located in whole
45 or in part in a county that voted on and approved
46 prior to April 1, 2003, the local sales and services
47 tax for school infrastructure purposes and that has a
48 sales tax capacity per student below its guaranteed
49 school infrastructure amount shall receive an amount
50 equal to its pro rata share of the local sales and
Page 6
1 services tax receipts as provided in section 422E.3,
2 subsection 5, paragraph "d", plus an amount equal to
3 its supplemental school infrastructure amount.
4 (2) A school district that is located in whole or
5 in part in a county that voted on and approved on or
6 after April 1, 2003, the local sales and services tax
7 for school infrastructure purposes shall receive an
8 amount equal to its pro rata share of the local sales
9 and services tax receipts as provided in section
© 2003 Cornell College and
League of Women Voters of Iowa
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