House File 2226 - Introduced



                                       HOUSE FILE       
                                       BY  TYMESON, BOAL, RANTS,
                                           and GIPP


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

                                      A BILL FOR

  1 An Act relating to the statewide tax revenues per student
  2    calculation under the local sales tax for school
  3    infrastructure purposes.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 5578YH 82
  6 mg/rj/5

PAG LIN



  1  1    Section 1.  Section 423E.4, subsection 3, paragraph a, Code
  1  2 2007, 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 2007, is amended by striking the
  1 11 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    Under present law, the maximum guaranteed school
  1 22 infrastructure amount used in the formula for the distribution
  1 23 of the local option sales tax for school infrastructure
  1 24 purposes equals the statewide tax revenues per student which
  1 25 equals $575.  This bill requires the department of revenue to
  1 26 compute every fiscal year the statewide tax revenues per
  1 27 student based upon the estimated total revenues that would be
  1 28 generated during the fiscal year by a 1 percent local option
  1 29 sales tax for school infrastructure purposes divided by the
  1 30 actual enrollment of all school districts for the previous
  1 31 school year.
  1 32 LSB 5578YH 82
  1 33 mg/rj/5