Senate File 516 S-3362 Amend Senate File 516 as follows: 1 1. Page 14, before line 24 by inserting: 2 < DIVISION ___ 3 SECURE AN ADVANCED VISION FOR EDUCATION FUND 4 Sec. ___. Section 423.2, subsection 11, paragraph b, 5 subparagraph (3), Code 2017, is amended to read as follows: 6 (3) Transfer one-sixth of the remaining revenues to the 7 secure an advanced vision for education fund created in section 8 423F.2 . This subparagraph (3) is repealed December 31, 2029 9 effective January 1, 2050 . 10 Sec. ___. Section 423.2, subsection 14, Code 2017, is 11 amended to read as follows: 12 14. The sales tax rate of six percent is reduced to five 13 percent on January 1, 2030 2050 . 14 Sec. ___. Section 423.5, subsection 5, Code 2017, is amended 15 to read as follows: 16 5. The use tax rate of six percent is reduced to five 17 percent on January 1, 2030 2050 . 18 Sec. ___. Section 423.43, subsection 1, paragraph b, Code 19 2017, is amended to read as follows: 20 b. Subsequent to the deposit into the general fund of 21 the state and after the transfer of such revenues collected 22 under chapter 423B , the department shall transfer one-sixth of 23 such remaining revenues to the secure an advanced vision for 24 education fund created in section 423F.2 . This paragraph is 25 repealed December 31, 2029 effective January 1, 2050 . 26 Sec. ___. Section 423F.6, Code 2017, is amended to read as 27 follows: 28 423F.6 Repeal. 29 This chapter is repealed December 31, 2029 effective January 30 1, 2050 . > 31 2. By renumbering as necessary. 32 -1- SF516.2556 (2) 87 tm/rn 1/ 2 #1.