House Amendment 8122


PAG LIN




     1  1    Amend House File 2364 as follows:
     1  2 #1.  Page 1, by inserting after line 7 the
     1  3 following:
     1  4    <Sec.    .  Section 423E.4, subsection 3, paragraph
     1  5 a, Code 2007, is amended to read as follows:
     1  6    a.  The director of revenue by August 15 of each
     1  7 fiscal year shall compute the guaranteed school
     1  8 infrastructure amount for each school district, each
     1  9 school district's sales tax capacity per student for
     1 10 each county, the statewide tax revenues per student,
     1 11 and the supplemental school infrastructure amount for
     1 12 the coming fiscal year.
     1 13    Sec.    .  Section 423E.4, subsection 3, paragraph
     1 14 b, subparagraph (3), Code 2007, is amended by striking
     1 15 the subparagraph and inserting in lieu thereof the
     1 16 following:
     1 17    (3)  "Statewide tax revenues per student" means the
     1 18 amount determined by estimating the total revenues
     1 19 that would be generated by a one percent local option
     1 20 sales and services tax for school infrastructure
     1 21 purposes if imposed by the counties during the entire
     1 22 fiscal year which had authorized imposition of the tax
     1 23 prior to July 1, 2005, and dividing this estimated
     1 24 revenue amount by the sum of the combined actual
     1 25 enrollment for all counties as determined in section
     1 26 423E.3, subsection 5, paragraph "d", subparagraph
     1 27 (2).>
     1 28 #2.  Title page, line 1, by inserting after the
     1 29 word <Act> the following:  <relating to specified
     1 30 forms of school district tax revenue modifying
     1 31 provisions relating to the statewide tax revenues per
     1 32 student calculation under the local option sales and
     1 33 services tax for school infrastructure purposes and>.
     1 34 #3.  By renumbering as necessary.
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     1 37                               
     1 38 GIPP of Winneshiek
     1 39 HF 2364.702 82
     1 40 rn/nh/11058
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