Senate File 2127

                                       SENATE FILE       
                                       BY  LUNDBY


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act providing for the establishment of a community college
  2    employee management levy.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 5496XS 80
  5 rn/gg/14

PAG LIN

  1  1    Section 1.  NEW SECTION.  260C.22A  EMPLOYEE MANAGEMENT
  1  2 LEVY.
  1  3    Annually, the board of directors may certify for levy a tax
  1  4 on taxable property in the merged area for a community college
  1  5 employee management levy.  The levy shall be in an amount
  1  6 which shall raise not more than the sum of the community
  1  7 college's budgeted employer contributions under the Federal
  1  8 Insurance Contributions Act and the community college's
  1  9 budgeted employer contributions to its employee's retirement
  1 10 systems for the fiscal year of collection.  The tax shall be
  1 11 collected by the county treasurers and remitted to the
  1 12 treasurer of the merged area as provided in section 331.552,
  1 13 subsection 29.  The proceeds of the tax shall be deposited in
  1 14 a separate and distinct fund to be known as the employee
  1 15 management levy fund to be paid out upon warrants drawn by the
  1 16 president and secretary of the board of directors of the
  1 17 merged area for the payment of costs incurred by the community
  1 18 college for employer contributions under the Federal Insurance
  1 19 Contributions Act and for employer contributions to its
  1 20 employee's retirement systems.
  1 21    Sec. 2.  Section 331.512, subsection 1, Code 2003, is
  1 22 amended by adding the following new paragraph after paragraph
  1 23 h:
  1 24    NEW PARAGRAPH.  hh.  The levy of an employee management tax
  1 25 by a community college as provided in section 260C.22A.
  1 26    Sec. 3.  Section 331.559, Code Supplement 2003, is amended
  1 27 by adding the following new subsection:
  1 28    NEW SUBSECTION.  5A.  Collect the tax levied for employee
  1 29 management purposes by a community college as provided in
  1 30 section 260C.22A.
  1 31                           EXPLANATION
  1 32    This bill provides for the establishment of a community
  1 33 college employee management levy.  The bill provides that the
  1 34 community college board of directors may annually certify for
  1 35 levy a tax on taxable property in the merged area in an amount
  2  1 up to the sum of the community college's budgeted employer
  2  2 contributions under the Federal Insurance Contributions Act
  2  3 and the community college's budgeted employer contributions to
  2  4 their employee's retirement systems for the fiscal year of
  2  5 collection.  The bill provides that the proceeds of the tax
  2  6 shall be deposited in an employee management levy fund and
  2  7 expended for the payment of costs incurred by the community
  2  8 college for employer contributions under the Federal Insurance
  2  9 Contributions Act and for employer contributions to their
  2 10 employee's retirement systems.  The bill provides for
  2 11 conforming changes to Code sections 331.512 and 331.559
  2 12 relating to collection of the tax.
  2 13 LSB 5496XS 80
  2 14 rn/gg/14