House
File
2050
-
Introduced
HOUSE
FILE
2050
BY
SALMON
A
BILL
FOR
An
Act
relating
to
the
rate
of
and
authority
to
impose
school
1
district
regular
and
voter-approved
physical
plant
and
2
equipment
levies
for
certain
school
budget
years.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
TLSB
5049YH
(2)
88
md/jh
H.F.
2050
Section
1.
Section
298.2,
subsection
1,
paragraph
a,
Code
1
2020,
is
amended
to
read
as
follows:
2
a.
A
physical
plant
and
equipment
levy
of
not
exceeding
one
3
dollar
and
sixty-seven
cents
per
thousand
dollars
of
assessed
4
valuation
in
the
district
is
established
except
as
otherwise
5
provided
in
this
subsection
.
6
(1)
The
For
school
budget
years
beginning
before
July
1,
7
2021,
and
for
school
budget
years
beginning
on
or
after
the
8
date
specified
in
section
423.2,
subsection
12,
the
physical
9
plant
and
equipment
levy
consists
of
the
regular
physical
10
plant
and
equipment
levy
of
not
exceeding
thirty-three
cents
11
per
thousand
dollars
of
assessed
valuation
in
the
district
12
and
a
voter-approved
physical
plant
and
equipment
levy
of
13
not
exceeding
one
dollar
and
thirty-four
cents
per
thousand
14
dollars
of
assessed
valuation
in
the
district.
However,
the
15
voter-approved
physical
plant
and
equipment
levy
may
consist
16
of
a
combination
of
a
physical
plant
and
equipment
property
17
tax
levy
and
a
physical
plant
and
equipment
income
surtax
as
18
provided
in
subsection
4
with
the
maximum
amount
levied
and
19
imposed
limited
to
an
amount
that
could
be
raised
by
a
one
20
dollar
and
thirty-four
cent
property
tax
levy.
21
(2)
For
school
budget
years
beginning
on
or
after
July
22
1,
2021,
but
before
the
date
specified
in
section
423.2,
23
subsection
12,
the
physical
plant
and
equipment
levy
shall
only
24
consist
of
the
voter-approved
physical
plant
and
equipment
levy
25
of
not
exceeding
one
dollar
and
sixty-seven
cents
per
thousand
26
dollars
of
assessed
valuation
in
the
district.
However,
the
27
voter-approved
physical
plant
and
equipment
levy
may
consist
28
of
a
combination
of
a
physical
plant
and
equipment
property
29
tax
levy
and
a
physical
plant
and
equipment
income
surtax
as
30
provided
in
subsection
4
with
the
maximum
amount
levied
and
31
imposed
limited
to
an
amount
that
could
be
raised
by
a
one
32
dollar
and
sixty-seven
cent
property
tax
levy.
33
Sec.
2.
Section
298.2,
subsection
2,
Code
2020,
is
amended
34
by
striking
the
subsection.
35
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2050
Sec.
3.
Section
298.2,
subsection
3,
Code
2020,
is
amended
1
to
read
as
follows:
2
3.
The
Subject
to
the
school
budget
year
limitations
of
3
subsection
1,
paragraph
“a”
,
the
board
of
directors
of
a
school
4
district
may
certify
for
levy
by
April
15
of
a
school
year
a
tax
5
on
all
taxable
property
in
the
school
district
for
the
regular
6
physical
plant
and
equipment
levy.
7
Sec.
4.
Section
298.2,
Code
2020,
is
amended
by
adding
the
8
following
new
subsection:
9
NEW
SUBSECTION
.
6.
For
a
voter-approved
physical
plant
10
and
equipment
levy
approved
at
election
before
July
1,
2020,
11
and
imposed
for
a
school
budget
year
beginning
on
or
after
12
July
1,
2021,
but
before
the
date
specified
in
section
423.2,
13
subsection
12,
the
rate
of
such
levy
shall
not
exceed
one
14
dollar
and
thirty-four
cents
per
thousand
dollars
of
assessed
15
valuation
in
the
district
unless
the
voters
approve
the
rate
16
authorized
under
subsection
1,
paragraph
“a”
,
subparagraph
(2),
17
in
the
manner
provided
under
subsection
4
at
an
election
held
18
on
or
after
July
1,
2020.
19
EXPLANATION
20
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
21
the
explanation’s
substance
by
the
members
of
the
general
assembly.
22
Code
section
298.2
authorizes
a
school
district
physical
23
plant
and
equipment
levy
of
not
exceeding
$1.67
per
$1,000
24
of
assessed
valuation
in
the
school
district.
Such
levy
is
25
allowed
to
consist
of
the
regular
physical
plant
and
equipment
26
levy
of
not
exceeding
33
cents
per
$1,000
of
assessed
valuation
27
and
a
voter-approved
physical
plant
and
equipment
levy
of
not
28
exceeding
$1.34
per
$1,000
of
assessed
valuation.
However,
the
29
voter-approved
physical
plant
and
equipment
levy
may
consist
of
30
a
combination
of
a
physical
plant
and
equipment
property
tax
31
levy
and
a
physical
plant
and
equipment
income
surtax.
32
This
bill
prohibits
the
regular
physical
plant
and
equipment
33
levy
for
school
budget
years
beginning
on
or
after
July
1,
34
2021,
but
before
the
date
under
current
law
on
which
the
state
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2050
sales
tax
rate
is
reduced
to
5
percent
(January
1,
2051,
1
under
current
law),
and
specifies
that
the
physical
plant
2
and
equipment
levy
shall
only
consist
of
the
voter-approved
3
physical
plant
and
equipment
levy
of
not
exceeding
$1.67
per
4
$1,000
of
assessed
valuation.
5
Under
the
bill,
for
a
voter-approved
physical
plant
and
6
equipment
levy
approved
at
election
before
July
1,
2020,
and
7
imposed
for
a
school
budget
year
beginning
on
or
after
July
1,
8
2021,
but
before
the
date
under
current
law
on
which
the
state
9
sales
tax
rate
is
reduced
to
5
percent,
the
rate
of
such
levy
10
shall
not
exceed
$1.34
per
$1,000
of
assessed
valuation
unless
11
the
voters
approve
the
$1.67
rate
authorized
in
the
bill
at
an
12
election
held
on
or
after
July
1,
2020.
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