House File 459 - Introduced HOUSE FILE BY COMMITTEE ON EDUCATION (SUCCESSOR TO HF 165) 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 1448HV 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 1448HV 82 1 30 ak:nh/gg/14