House File 2192 - Introduced



                                       HOUSE FILE       
                                       BY  WENDT


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

                                      A BILL FOR

  1 An Act relating to the distribution formula for the local option
  2    sales and services tax for school infrastructure purposes.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 5623HH 81
  5 mg/gg/14

PAG LIN



  1  1    Section 1.  Section 423E.4, subsection 3, paragraph a, Code
  1  2 Supplement 2005, is amended to read as follows:
  1  3    a.  The director of revenue by August 15 of each fiscal
  1  4 year shall compute the guaranteed school infrastructure amount
  1  5 for each school district, each school district's sales tax
  1  6 capacity per student for each county, the statewide tax
  1  7 revenues per student, and the supplemental school
  1  8 infrastructure amount for the coming fiscal year.
  1  9    Sec. 2.  Section 423E.4, subsection 3, paragraph b,
  1 10 subparagraph (3), Code Supplement 2005, is amended by striking
  1 11 the subparagraph and inserting in lieu thereof the following:
  1 12    (3)  "Statewide tax revenues per student" means the amount
  1 13 determined by estimating the total revenues that would be
  1 14 generated by a one percent local option sales and services tax
  1 15 for school infrastructure purposes if imposed by all the
  1 16 counties during the entire fiscal year and dividing this
  1 17 estimated revenue amount by the sum of the combined actual
  1 18 enrollment for all counties as determined in section 423E.3,
  1 19 subsection 5, paragraph "d", subparagraph (2).
  1 20                           EXPLANATION
  1 21    This bill amends the Code chapter dealing with the local
  1 22 sales and services tax for school infrastructure purposes by
  1 23 requiring, in determining the definition of "statewide tax
  1 24 revenues per student" for purposes of calculating a school
  1 25 district's guaranteed amount, that instead of the present set
  1 26 amount of $575, an estimated amount that would be generated by
  1 27 a 1 cent statewide sales tax divided by the budget enrollment
  1 28 would be used.
  1 29 LSB 5623HH 81
  1 30 mg:nh/gg/14