H-8033

   Amend  the amendment, H-8001, to Senate File 475, as amended, passed, and reprinted by the Senate, as follows:
   1.  Page 12, after line 24 by inserting: 
<DIVISION ___
SECURE AN ADVANCED VISION FOR EDUCATION EXTENSION

   Sec. ___.  Section 423.2, subsection 11, paragraph b, subparagraph (3), Code 2018, is amended to read as follows:
   (3)  Transfer one-sixth of the remaining revenues to the secure an advanced vision for education fund created in section 423F.2. This subparagraph (3) is repealed December 31, 2029 January 1, 2050.
   Sec. ___.  Section 423.2, subsection 14, Code 2018, is amended to read as follows:
   14.  The sales tax rate of six percent is reduced to five percent on January 1, 2030 2050.
   Sec. ___.  Section 423.5, subsection 5, Code 2018, is amended to read as follows:
   5.  The use tax rate of six percent is reduced to five percent on January 1, 2030 2050.
   Sec. ___.  Section 423.43, subsection 1, paragraph b, Code 2018, is amended to read as follows:
   b.  Subsequent to the deposit into the general fund of the state and after the transfer of such revenues collected under chapter 423B, the department shall transfer one-sixth of such remaining revenues to the secure an advanced vision for education fund created in section 423F.2. This paragraph is repealed December 31, 2029 January 1, 2050.
   Sec. ___.  Section 423F.4, Code 2018, is amended to read as follows:
   423F.4  Borrowing authority for school districts.
   A school district may anticipate its share of the revenues under section 423F.2 by issuing bonds in the manner provided in section 423E.5, Code 2018. However, to the extent any school district has issued bonds anticipating the proceeds of an extended local sales and services tax for school infrastructure purposes imposed by a county pursuant to former chapter 423E, Code and Code Supplement 2007, prior to July 1, 2008, the pledge of such revenues for the payment of principal and interest on such bonds shall be replaced by a pledge of its share of the revenues under section 423F.2.
   Sec. ___.  Section 423F.6, Code 2018, is amended to read as follows:
   423F.6  Repeal.
   This chapter is repealed December 31, 2029 January 1, 2050.>
   ___.  Title page, line 3, after <schools,> by inserting <extending the period of time for collecting sales tax for deposit in the secure an advanced vision for education fund,>>
   2.  By renumbering as necessary.

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NIELSEN of Johnson