House Journal: Page 1285: Wednesday, April 23, 2003
32 means the actual enrollment as reported by October 1
33 to the department of management by the department of
34 education pursuant to section 257.6, subsection 1.
35 (2) "Income surtax capacity" means the estimated
36 amount of revenues that a school district would
37 receive if an income surtax of twenty percent was
38 imposed on the individual income tax liability for the
39 preceding calendar year of individuals residing in the
40 school district divided by the school district's
41 actual enrollment.
42 (2) "Property tax infrastructure capacity" means
43 the sum of a school district's levies under sections
44 298.2 and 298.18 when the levies are imposed to the
45 maximum extent allowable under law in the budget year
46 on property located within the school district divided
47 by the school district's actual enrollment.
48 (3) "Sales tax capacity" means the estimated
49 amount of revenues that a school district receives or
50 would receive if a local sales and services tax for
Page 2
1 school infrastructure is imposed at one percent
2 pursuant to this chapter, divided by the school
3 district's actual enrollment.
4 (4) "Tax capacity inequity" means the difference
5 between the highest total tax capacity in the state
6 and a school district's total tax capacity.
7 (5) "Total tax capacity" means the sum of a school
8 district's income surtax capacity plus property tax
9 infrastructure capacity plus sales tax capacity.
10 3. The appropriations credited in a fiscal year to
11 the appropriations account of the secure an advanced
12 vision for education fund shall be distributed as a
13 supplemental school infrastructure amount as follows:
14 a. The department of education shall compute the
15 total tax capacity and the tax capacity inequity of
16 each school district located in the state.
17 b. The department of revenue and finance, in
18 conjunction with the department of education, shall
19 distribute a supplemental school infrastructure amount
20 to each school district that has a tax capacity
21 inequity. The amount of the supplemental school
22 infrastructure amount distributed shall be an equal
23 percentage of the tax capacity inequity to each of
24 such school districts multiplied by the actual
25 enrollment for each such school district. However, a
26 school district shall not receive more than its tax
27 capacity inequity amount multiplied by its actual
28 enrollment."
© 2003 Cornell College and
League of Women Voters of Iowa
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