House File 215 H-1048 Amend the amendment, H-1014, to House File 215 as 1 follows: 2 1. Page 1, after line 4 by inserting: 3 < Sec. ___. Section 8.57E, subsection 2, Code 2013, 4 is amended to read as follows: 5 2. Moneys in the taxpayers trust fund shall only be 6 used pursuant to appropriations or transfers made by 7 the general assembly for tax relief. > 8 2. Page 3, after line 3 by inserting: 9 < Sec. ___. Section 257.16A, Code 2013, is amended 10 by adding the following new subsection: 11 NEW SUBSECTION . 1A. For each fiscal year beginning 12 on or after July 1, 2013, and after the transfer 13 in section 257.16B, there is transferred from the 14 taxpayers trust fund created in section 8.57E to the 15 fund an amount necessary to lower all school district 16 adjusted additional property tax levy rates to the 17 statewide maximum adjusted additional property tax 18 levy rate pursuant to section 257.15, subsection 4, 19 after taking into account amounts allocated pursuant to 20 section 257.15, subsection 4, and amounts deposited in 21 the fund under section 423F.2, subsection 3. > 22 3. Page 3, by striking lines 6 through 36 and 23 inserting: 24 < 1. a. A school district property tax replacement 25 fund is created in the state treasury under the 26 authority of the department of education. For each 27 fiscal year beginning on or after July 1, 2013, there 28 is transferred from the taxpayers trust fund created in 29 section 8.57E to the fund an amount necessary to make 30 all school district property tax replacement payments 31 under this section. 32 b. There is appropriated annually all moneys in 33 the fund to the department of education for purposes 34 of providing replacement payments to school districts 35 pursuant to this section. 36 2. For each budget year beginning on or after July 37 1, 2013, the amount of money in the school district 38 property tax replacement fund shall be used to provide 39 school district replacement payments to each school 40 district in the state as calculated in subsection 3, 41 paragraph “c” , and subsection 4, if applicable. 42 3. For each budget year beginning on or after July 43 1, 2013, the department of management shall calculate 44 for each school district all of the following: 45 a. The state cost per pupil for the budget year 46 beginning July 1, 2012, multiplied by one hundred 47 percent less the regular program foundation base per 48 pupil percentage pursuant to section 257.1. 49 b. The state cost per pupil for the budget year 50 -1- H1014.321 (2) 85 md/sc 1/ 2 #1. #2. #3.

beginning July 1, 2013, multiplied by one hundred 1 percent less the regular program foundation base per 2 pupil percentage pursuant to section 257.1. 3 c. The amount of each school district’s property 4 tax replacement payment. Each school district’s 5 property tax replacement payment equals the school 6 district’s weighted enrollment for the budget year 7 multiplied by the remainder of the amount calculated 8 for the school district under paragraph “b” minus 9 the amount calculated for the school district under 10 paragraph “a” . 11 4. If an amount appropriated for a fiscal year is 12 insufficient to pay all school district replacement 13 payments for the budget year, the director of the 14 department of management shall prorate the amount of 15 each school district’s property tax replacement payment 16 and notify the director of the department of education 17 of such prorated amounts. 18 5. School district replacement payments under this 19 section shall be paid by the department of education at 20 the same time and in the same manner as foundation aid 21 is paid and may be included in the monthly payment of 22 state aid under section 257.16, subsection 2. 23 6. Notwithstanding section 12C.7, subsection 2, 24 interest or earnings on moneys deposited in the fund 25 shall be credited to the fund. Moneys in the fund are 26 not subject to the provisions of section 8.33 and shall 27 not be transferred, used, obligated, appropriated, 28 or otherwise encumbered except as provided in this 29 section. > 30 4. Page 18, after line 23 by inserting: 31 < ___. Title page, line 6, after < appropriations > by 32 inserting < and transfers >> 33 5. By renumbering as necessary. 34 ______________________________ WOOD of Scott ______________________________ HALL of Woodbury -2- H1014.321 (2) 85 md/sc 2/ 2 #4. #5.