House File 165 - Introduced



                                       HOUSE FILE       
                                       BY  HEDDENS, GASKILL, and
                                           SCHUELLER


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

                                      A BILL FOR

  1 An Act relating to the purposes for which physical plant and
  2    equipment levy revenue may be utilized, and including an
  3    applicability provision.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 1448HH 82
  6 ak/gg/14

PAG LIN



  1  1    Section 1.  Section 298.3, subsection 3, Code 2007, is
  1  2 amended to read as follows:
  1  3    3.  The purchase, lease, or lease=purchase of a single unit
  1  4 of equipment or technology exceeding five hundred dollars in
  1  5 value per unit, and the purchase of software or payments under
  1  6 a software licensing agreement relating to that purchase,
  1  7 lease, or lease=purchase.
  1  8    Sec. 2.  APPLICABILITY.  This Act is applicable for
  1  9 physical plant and equipment levies imposed either through
  1 10 board authorization or voter approval on or after the
  1 11 effective date of this Act, or local option sales taxes for
  1 12 school infrastructure purposes imposed on or after the
  1 13 effective date of this Act.
  1 14                           EXPLANATION
  1 15    This bill relates to the purposes for which physical plant
  1 16 and equipment levy revenue may be utilized.  The bill provides
  1 17 that one of the current permissible uses, involving the
  1 18 purchase, lease, or lease=purchase of a single unit of
  1 19 equipment or technology exceeding $500 in value per unit,
  1 20 shall be expanded to also include related purchases of
  1 21 software or payments under a software licensing agreement.
  1 22    The bill is applicable for physical plant and equipment
  1 23 levies imposed on or after the bill's effective date, and
  1 24 because Code section 423E.1 includes the purposes authorized
  1 25 for the physical plant and equipment levy in the definition of
  1 26 "school infrastructure", the bill is also applicable to local
  1 27 option sales taxes for school infrastructure purposes imposed
  1 28 on or after the bill's effective date.
  1 29 LSB 1448HH 82
  1 30 ak:nh/gg/14