Bill Text: IA HSB200 | 2015-2016 | 86th General Assembly | Introduced
Bill Title: A study bill relating to the appropriation from the general fund of the state for adjusted additional property tax levy aid.
Spectrum: Unknown
Status: (Introduced - Dead) 2015-03-02 - Education: Jorgensen Chair,Hanusa, and Winckler. [HSB200 Detail]
Download: Iowa-2015-HSB200-Introduced.html
House
Study
Bill
200
-
Introduced
HOUSE
FILE
_____
BY
(PROPOSED
COMMITTEE
ON
EDUCATION
BILL
BY
CHAIRPERSON
JORGENSEN)
A
BILL
FOR
An
Act
relating
to
the
appropriation
from
the
general
fund
of
1
the
state
for
adjusted
additional
property
tax
levy
aid.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
TLSB
2556YC
(4)
86
md/sc
H.F.
_____
Section
1.
Section
257.15,
subsection
4,
paragraph
a,
1
subparagraph
(1),
Code
2015,
is
amended
by
striking
the
2
subparagraph
and
inserting
in
lieu
thereof
the
following:
3
(1)
For
the
budget
year
beginning
July
1,
2015,
and
each
4
budget
year
thereafter,
from
the
amount
appropriated
from
5
the
general
fund
of
the
state
pursuant
to
section
257.16,
6
subsection
1,
the
amount
necessary
to
lower
all
school
district
7
adjusted
additional
property
tax
levy
rates
to
the
statewide
8
maximum
adjusted
additional
property
tax
levy
rate
pursuant
to
9
section
257.4,
subsection
1,
paragraph
“b”
,
after
taking
into
10
account
amounts
under
subparagraph
(2)
of
this
paragraph.
11
Sec.
2.
Section
257.15,
subsection
4,
paragraph
a,
12
subparagraph
(2),
Code
2015,
is
amended
to
read
as
follows:
13
(2)
From
the
The
amount
appropriated
from
the
property
tax
14
equity
and
relief
fund
created
in
section
257.16A
.
15
EXPLANATION
16
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
17
the
explanation’s
substance
by
the
members
of
the
general
assembly.
18
Current
Code
section
257.15(4)
includes
a
$24
million
19
annual
appropriation
that
is
combined
with
moneys
deposited
in
20
the
property
tax
equity
and
relief
fund
to
provide
adjusted
21
additional
property
tax
levy
aid
to
school
districts
by
22
lowering
school
districts’
adjusted
additional
property
23
tax
levy
rates
to
the
statewide
maximum
adjusted
additional
24
property
tax
levy
rate,
as
determined
by
the
department
of
25
management
under
current
Code
section
257.4.
26
This
bill
strikes
the
$24
million
annual
appropriation
under
27
current
law
and
for
the
budget
year
beginning
July
1,
2015,
and
28
each
budget
year
thereafter,
appropriates
from
the
general
fund
29
of
the
state
an
amount
necessary
to
lower
all
school
district
30
adjusted
additional
property
tax
levy
rates
to
the
statewide
31
maximum
adjusted
additional
property
tax
levy
rate.
32
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(4)
86
md/sc
1/
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