House File 2274 H-8015 Amend House File 2274 as follows: 1 1. By striking everything after the enacting clause 2 and inserting: 3 < Section 1. Section 257.1, subsection 2, paragraph 4 b, Code 2011, is amended by striking the paragraph and 5 inserting in lieu thereof the following: 6 b. (1) The regular program foundation base per 7 pupil is the following: 8 (a) For the budget year commencing July 1, 9 2012, and the budget year commencing July 1, 2013, 10 the regular program foundation base per pupil is 11 eighty-seven and five-tenths percent of the regular 12 program state cost per pupil. 13 (b) For the budget year commencing July 1, 2014, 14 the regular program foundation base per pupil is 15 eighty-nine and six hundredths percent of the regular 16 program state cost per pupil. 17 (c) For the budget year commencing July 1, 2015, 18 the regular program foundation base per pupil is ninety 19 and sixty-three hundredths percent of the regular 20 program state cost per pupil. 21 (d) For the budget year commencing July 1, 2016, 22 the regular program foundation base per pupil is 23 ninety-two and nineteen hundredths percent of the 24 regular program state cost per pupil. 25 (e) For the budget year commencing July 1, 2017, 26 the regular program foundation base per pupil is 27 ninety-three and seventy-five hundredths percent of the 28 regular program state cost per pupil. 29 (f) For the budget year commencing July 1, 2018, 30 the regular program foundation base per pupil is 31 ninety-five and thirty-one hundredths percent of the 32 regular program state cost per pupil. 33 (g) For the budget year commencing July 1, 2019, 34 the regular program foundation base per pupil is 35 ninety-six and eighty-eight hundredths percent of the 36 regular program state cost per pupil. 37 (h) For the budget year commencing July 1, 2020, 38 the regular program foundation base per pupil is 39 ninety-eight and forty-four hundredths percent of the 40 regular program state cost per pupil. 41 (i) For the budget year commencing July 1, 2021, 42 and succeeding budget years, the regular program 43 foundation base per pupil is one hundred percent of the 44 regular program state cost per pupil. 45 (2) For each budget year, the special education 46 support services foundation base is seventy-nine 47 percent of the special education support services state 48 cost per pupil. The combined foundation base is the 49 sum of the regular program foundation base, the special 50 -1- HF2274.3853 (3) 84 md/sc 1/ 4 #1.

education support services foundation base, the total 1 teacher salary supplement district cost, the total 2 professional development supplement district cost, the 3 total early intervention supplement district cost, the 4 total area education agency teacher salary supplement 5 district cost, and the total area education agency 6 professional development supplement district cost. 7 Sec. 2. Section 257.4, subsection 1, paragraph b, 8 Code 2011, is amended to read as follows: 9 b. For the budget year beginning July 1, 2008, and 10 succeeding budget years beginning before July 1, 2021 , 11 the department of management shall annually determine 12 an adjusted additional property tax levy and a 13 statewide maximum adjusted additional property tax levy 14 rate, not to exceed the statewide average additional 15 property tax levy rate, calculated by dividing the 16 total adjusted additional property tax levy dollars 17 statewide by the statewide total net taxable valuation. 18 For purposes of this paragraph, the adjusted additional 19 property tax levy shall be that portion of the 20 additional property tax levy corresponding to the 21 state cost per pupil multiplied by a school district’s 22 weighted enrollment, and then multiplied by one hundred 23 percent less the regular program foundation base 24 per pupil percentage pursuant to section 257.1 . The 25 For budget years beginning before July 1, 2021, the 26 district shall receive adjusted additional property tax 27 levy aid in an amount equal to the difference between 28 the adjusted additional property tax levy rate and the 29 statewide maximum adjusted additional property tax 30 levy rate, as applied per thousand dollars of assessed 31 valuation on all taxable property in the district. The 32 statewide maximum adjusted additional property tax levy 33 rate shall be annually determined by the department 34 taking into account amounts allocated pursuant to 35 section 257.15, subsection 4 . The For budget years 36 beginning before July 1, 2021, the statewide maximum 37 adjusted additional property tax levy rate shall be 38 annually determined by the department taking into 39 account amounts allocated pursuant to section 257.15, 40 subsection 4 , and the balance of the property tax 41 equity and relief fund created in section 257.16A at 42 the end of the calendar year. 43 Sec. 3. Section 257.15, subsection 4, Code 2011, is 44 amended to read as follows: 45 4. a. Allocations for maximum adjusted additional 46 property tax levy rate calculation and adjusted 47 additional property tax levy aid. The For fiscal 48 years beginning before July 1, 2021, the department of 49 management shall allocate from amounts appropriated 50 -2- HF2274.3853 (3) 84 md/sc 2/ 4

pursuant to section 257.16, subsection 1 , and from 1 funds appropriated from the property tax equity 2 and relief fund created in section 257.16A for the 3 purpose of calculating the statewide maximum adjusted 4 additional property tax levy rate and providing 5 adjusted additional property tax levy aid as provided 6 in section 257.4, subsection 1 , paragraph “b” , an 7 amount equal to the sum of subparagraphs (1) and (2) 8 as follows: 9 (1) From the amount appropriated from the general 10 fund of the state pursuant to section 257.16, 11 subsection 1 , equal to the following: 12 (a) For the budget year beginning July 1, 2006, six 13 million dollars. 14 (b) For the budget year beginning July 1, 2007, 15 twelve million dollars. 16 (c) For the budget year beginning July 1, 2008, 17 eighteen million dollars. 18 (d) For the budget year beginning July 1, 2009, and 19 succeeding budget years beginning before July 1, 2021 , 20 twenty-four million dollars. 21 (2) From the amount appropriated from the property 22 tax equity and relief fund created in section 257.16A . 23 b. After lowering all school district additional 24 property tax levy rates to the statewide maximum 25 adjusted additional property tax levy rate under 26 paragraph “a” , the department of management shall use 27 any remaining funds at the end of the calendar year to 28 further lower additional property taxes by increasing 29 for the budget year beginning the following July 1, 30 the state foundation base percentage. If, however, 31 the state foundation base percentage is one hundred 32 percent, the department of management shall deposit 33 those remaining funds in the taxpayers trust fund 34 created in section 8.57E. Moneys used pursuant to 35 this paragraph shall supplant an equal amount of the 36 appropriation made from the general fund of the state 37 pursuant to section 257.16 that represents the increase 38 in state foundation aid. 39 Sec. 4. Section 257.16A, subsections 2 and 3, Code 40 2011, are amended to read as follows: 41 2. There For fiscal years beginning before July 1, 42 2021, there is appropriated annually all moneys in the 43 fund to the department of management for purposes of 44 section 257.15, subsection 4 . 45 3. Notwithstanding Except as provided in subsection 46 4, and notwithstanding section 8.33 , any moneys 47 remaining in the property tax equity and relief fund at 48 the end of a fiscal year shall not revert to any other 49 fund but shall remain in the property tax equity and 50 -3- HF2274.3853 (3) 84 md/sc 3/ 4

relief fund for use as provided in this section for the 1 following fiscal year. 2 Sec. 5. Section 257.16A, Code 2011, is amended by 3 adding the following new subsection: 4 NEW SUBSECTION . 4. Any moneys in the property 5 tax equity and relief fund on June 30, 2021, shall 6 be deposited by the department of management in the 7 taxpayers trust fund created in section 8.57E. 8 Sec. 6. Section 423F.2, subsection 3, Code 2011, is 9 amended to read as follows: 10 3. The moneys available in a fiscal year in the 11 secure an advanced vision for education fund shall be 12 distributed by the department of revenue to each school 13 district in an amount equal to the amount the school 14 district would have received pursuant to the formula 15 in section 423E.4 as if the local sales and services 16 tax for school infrastructure purposes was imposed. 17 Moneys collected in a fiscal year beginning before July 18 1, 2019, that are in excess of that needed to provide 19 each school district with its formula amount shall be 20 distributed and credited to the property tax equity 21 and relief fund created in section 257.16A . Moneys 22 collected in a fiscal year beginning on or after July 23 1, 2019, that are in excess of that amount needed to 24 provide each school district with its formula amount 25 shall be deposited in the taxpayers trust fund created 26 in section 8.57E. > 27 2. Title page, by striking lines 1 through 11 28 and inserting < An Act relating to school finance 29 by increasing the regular program foundation base 30 percentage. > 31 3. By renumbering as necessary. 32 ______________________________ HALL of Woodbury -4- HF2274.3853 (3) 84 md/sc 4/ 4 #2. #3.