House File 194 H-1084 Amend House File 194 as follows: 1 1. Page 1, before line 1 by inserting: 2 < Section 1. Section 298.14, Code 2011, is amended 3 to read as follows: 4 298.14 School district income surtaxes. 5 1. a. For each fiscal year, the cumulative total 6 of the percents of surtax approved by the board of 7 directors of a school district and collected by the 8 department of revenue under sections 257.21 , 257.29 , 9 and 298.2 , and the enrichment surtax under section 10 442.15 , Code 1989, and an income surtax collected by 11 a political subdivision under chapter 422D , shall not 12 exceed twenty percent. 13 b. (1) Notwithstanding paragraph “a” , a board 14 of directors of a school district shall impose, and 15 the department of revenue shall collect, an enhanced 16 cumulative income surtax amount pursuant to this 17 paragraph “b” . 18 (2) The enhanced cumulative income surtax shall be 19 in the following amounts for the following years: 20 (a) For 2012, for each surtax specified in 21 paragraph “a” that is imposed in 2011 and is still 22 imposed in 2012, the amount shall be one hundred 23 twenty-five percent of the amount generated by each 24 surtax imposed by the school district in 2011. 25 (b) For 2013, for each surtax specified in 26 paragraph “a” that is imposed in 2011 and is still 27 imposed in 2013, the amount shall be one hundred 28 fifteen percent of the amount generated by each surtax 29 imposed by the school district in 2011. 30 (c) For 2014, for each surtax specified in 31 paragraph “a” that is imposed in 2011 and is still 32 imposed in 2014, the amount shall be one hundred ten 33 percent of the amount generated by each surtax imposed 34 by the school district in 2011. 35 (d) For 2015, for each surtax specified in 36 paragraph “a” that is imposed in 2011 and is still 37 imposed in 2015, the amount shall be one hundred five 38 percent of the amount generated by each surtax imposed 39 by the school district in 2011. 40 (e) For 2016, for each surtax specified in 41 paragraph “a” that is imposed in 2011 and is still 42 imposed in 2016, the amount shall be the amount 43 generated by each surtax imposed by the school district 44 in 2011. 45 (3) This paragraph “b” is repealed on June 30, 46 2016. 47 2. A school district income surtax fund is created 48 in the office of treasurer of state. Income surtaxes 49 collected by the department of revenue under sections 50 -1- HF194.486 (3) 84 tw/sc 1/ 2 #1.
257.21 , 257.29 , and 298.2 and section 442.15 , Code 1 1989, shall be deposited in the school district income 2 surtax fund to the credit of each school district. A 3 separate accounting of each surtax, by school district, 4 shall be maintained. 5 3. The director of the department of administrative 6 services shall draw warrants in payment of the surtaxes 7 collected in each school district. Warrants shall be 8 payable in two installments to be paid on approximately 9 the first day of December and the first day of 10 February following collection of the taxes and shall be 11 delivered to the respective school districts. > 12 ______________________________ HELLAND of Polk -2- HF194.486 (3) 84 tw/sc 2/ 2