Senate File 2149 - Introduced SENATE FILE BY WARNSTADT (COMPANION TO LSB 5623HH BY WENDT) Passed Senate, Date Passed House, 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 5623XS 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 thecomingfiscal 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 5623XS 81 1 30 mg:nh/gg/14