House Amendment 8458


PAG LIN




     1  1    Amend House File 2663 as follows:
     1  2 #1.  Page 10, lines 3 and 4, by striking the words
     1  3 and figure <, as computed in subsection 8,>.
     1  4 #2.  Page 10, by inserting after line 7 the
     1  5 following:
     1  6    <Sec.    .  Section 423E.4, subsection 3, paragraph
     1  7 b, subparagraph (3), Code 2007, as amended by this
     1  8 Act, is amended to read as follows:
     1  9    (3)  "Statewide tax revenues per student" means the
     1 10 amount determined by estimating the total revenues
     1 11 that would be generated by a one percent local option
     1 12 sales and services tax for school infrastructure
     1 13 purposes if imposed by all the counties during the
     1 14 entire fiscal year, as computed in subsection 8, and
     1 15 dividing this estimated revenue amount by the sum of
     1 16 the combined actual enrollment for all counties as
     1 17 determined in section 423E.3, subsection 5, paragraph
     1 18 "d", subparagraph (2).>
     1 19 #3.  Page 38, by inserting after line 23 the
     1 20 following:
     1 21    <Sec.    .  EFFECTIVE, CONTINGENT EFFECTIVE, AND
     1 22 APPLICABILITY DATE PROVISIONS.
     1 23    1.  Except as provided in subsection 3, this Act
     1 24 takes effect July 1 following ratification of an
     1 25 amendment to the Constitution of the State of Iowa
     1 26 that provides the following:
     1 27    All revenue derived from the increase in the state
     1 28 sales and use tax rates from five percent to six
     1 29 percent shall be distributed to the school districts
     1 30 of the state to be used exclusively for school
     1 31 infrastructure purposes or school property tax relief,
     1 32 including the payment of principal and interest on
     1 33 bonds issued for school infrastructure purposes.
     1 34    2.  If sections of this Act take effect as provided
     1 35 in subsection 1, those sections of this Act apply to
     1 36 fiscal years beginning on or after the effective date
     1 37 of those sections of this Act.
     1 38    3.  Sections 20 and 22 of this Act amending section
     1 39 423E.4, subsection 3, paragraph "a", and section
     1 40 423E.4, subsection 3, paragraph "b", subparagraph (3),
     1 41 take effect July 1, 2008.>
     1 42 #4.  Title page, line 7, by striking the words <an
     1 43 effective date provision> and inserting the following:
     1 44 <effective, contingent effective, and applicability
     1 45 date provisions.>
     1 46
     1 47
     1 48                               
     1 49 FORRISTALL of Pottawattamie
     1 50 HF 2663.507 82
     2  1 mg/mg/10619

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