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