Senate Amendment 5365


PAG LIN




     1  1    Amend Senate File 2421 as follows:
     1  2 #1.  By striking everything after the enacting
     1  3 clause and inserting the following:
     1  4    <Section 1.  Section 423B.7, subsection 6, Code
     1  5 2007, is amended to read as follows:
     1  6    6.  Local sales and services tax moneys received by
     1  7 a city or county may be expended for any lawful
     1  8 purpose of the city or county.
     1  9    a.  For purposes of this subsection, "any lawful
     1 10 purpose" includes providing financial assistance to
     1 11 the following:
     1 12    (1)  Resident students of the city or county
     1 13 graduating from a public or nonpublic school located
     1 14 in the city or county who have enrolled in an
     1 15 institution of higher education.  For purposes of this
     1 16 subparagraph, "financial assistance" includes loans,
     1 17 forgivable loans, grants, and scholarships, and
     1 18 "institution of higher education" includes a four=year
     1 19 college or university, a community college, or a
     1 20 technical or vocational school.
     1 21    (2)  Eligible members of the armed forces of the
     1 22 United States for the purchase of residences or the
     1 23 establishment or expansion of businesses located in
     1 24 the city or county.  For purposes of this
     1 25 subparagraph, "eligible member of the armed forces of
     1 26 the United States" means a person who is or was a
     1 27 member of the national guard, reserve, or regular
     1 28 component of the armed forces of the United States who
     1 29 has served at least ninety days of active duty service
     1 30 beginning on or after September 11, 2001.  "Eligible
     1 31 member of the armed forces of the United States" also
     1 32 means a former member of the national guard, reserve,
     1 33 or regular component of the armed forces of the United
     1 34 States who was honorably discharged due to injuries
     1 35 incurred while on active federal service beginning on
     1 36 or after September 11, 2001, that precluded completion
     1 37 of a minimum aggregate of ninety days of active
     1 38 federal service.
     1 39    a.  b.  Notwithstanding the provisions of this
     1 40 subsection, sales and services tax moneys received
     1 41 from a tax imposed by a county pursuant to this
     1 42 chapter shall not be expended by or for the benefit of
     1 43 a school district located in whole or in part in the
     1 44 county unless the county is imposing a local option
     1 45 sales and services tax for school infrastructure
     1 46 purposes pursuant to chapter 423E.
     1 47    b.  c.  Paragraph "a" "b" of this subsection is
     1 48 repealed December 31, 2022.>
     1 49 #2.  Title page, by striking lines 1 and 2 and
     1 50 inserting the following:  <An Act authorizing cities
     2  1 and counties to expend moneys from local option sales
     2  2 and services taxes on financial assistance to certain
     2  3 students and veterans.>
     2  4
     2  5
     2  6                               
     2  7 PAUL McKINLEY
     2  8 SF 2421.701 82
     2  9 tw/sc/21271

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