Bill Text: IA SF173 | 2015-2016 | 86th General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: A bill for an act relating to school district property tax replacement payments and including effective date provisions. (Formerly SSB 1142.) Effective 3-5-15.

Spectrum: Committee Bill

Status: (Passed) 2015-03-05 - Signed by Governor. S.J. 463. [SF173 Detail]

Download: Iowa-2015-SF173-Introduced.html

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Senate File 173 - Introduced




                                 SENATE FILE       
                                 BY  COMMITTEE ON EDUCATION

                                 (SUCCESSOR TO SSB
                                     1142)

                                      A BILL FOR

  1 An Act relating to school district property tax replacement
  2    payments and including effective date provisions.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
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PAG LIN



  1  1    Section 1.  Section 257.16B, subsection 2, paragraph b,
  1  2 unnumbered paragraph 1, Code 2015, is amended to read as
  1  3 follows:
  1  4    For each the budget year beginning on or after July 1, 2014,
  1  5 the department of management shall calculate for each school
  1  6 district all of the following:
  1  7    Sec. 2.  Section 257.16B, subsection 2, paragraph b,
  1  8 subparagraph (3), Code 2015, is amended to read as follows:
  1  9    (3)  The amount of each school district's property tax
  1 10 replacement payment. Each school district's property tax
  1 11 replacement payment equals the school district's weighted
  1 12 enrollment for the budget year beginning July 1, 2014,
  1 13  multiplied by the remainder of the amount calculated for
  1 14 the school district under subparagraph (2) minus the amount
  1 15 calculated for the school district under subparagraph (1).
  1 16    Sec. 3.  Section 257.16B, subsection 2, Code 2015, is amended
  1 17 by adding the following new paragraph:
  1 18    NEW PARAGRAPH.  c.  For each budget year beginning on or
  1 19 after July 1, 2015, unless otherwise provided by law, the
  1 20 department of management shall calculate for each school
  1 21 district all of the following:
  1 22    (1)  The regular program state cost per pupil for the budget
  1 23 year beginning July 1, 2012, multiplied by one hundred percent
  1 24 less the regular program foundation base per pupil percentage
  1 25 pursuant to section 257.1.
  1 26    (2)  The regular program state cost per pupil for the budget
  1 27 year beginning July 1, 2015, multiplied by one hundred percent
  1 28 less the regular program foundation base per pupil percentage
  1 29 pursuant to section 257.1.
  1 30    (3)  The amount of each school district's property tax
  1 31 replacement payment. Each school district's property tax
  1 32 replacement payment equals the school district's weighted
  1 33 enrollment for the budget year multiplied by the remainder
  1 34 of the amount calculated for the school district under
  1 35 subparagraph (2) minus the amount calculated for the school
  2  1 district under subparagraph (1).
  2  2    Sec. 4.  EFFECTIVE UPON ENACTMENT.  This Act, being deemed of
  2  3 immediate importance, takes effect upon enactment.
  2  4                           EXPLANATION
  2  5 The inclusion of this explanation does not constitute agreement with
  2  6 the explanation's substance by the members of the general assembly.
  2  7    Current Code section 257.16B provides for school district
  2  8 property tax replacement payments.  For the budget year
  2  9 beginning July 1, 2013, each school district's property tax
  2 10 replacement payment amount is equal to the school district's
  2 11 weighted enrollment for that budget year multiplied by the
  2 12 difference of the following: (1) the regular program state
  2 13 cost per pupil for the budget year beginning July 1, 2013,
  2 14 multiplied by 100 percent less the regular program foundation
  2 15 base per pupil percentage; and (2) the regular program state
  2 16 cost per pupil for the budget year beginning July 1, 2012,
  2 17 multiplied by 100 percent less the regular program foundation
  2 18 base per pupil percentage. For each budget year beginning on
  2 19 or after July 1, 2014, each school district's property tax
  2 20 replacement payment amount is equal to the school district's
  2 21 weighted enrollment for the budget year multiplied by the
  2 22 difference of the following: (1) the regular program state
  2 23 cost per pupil for the budget year beginning July 1, 2014,
  2 24 multiplied by 100 percent less the regular program foundation
  2 25 base per pupil percentage; and (2) the regular program state
  2 26 cost per pupil for the budget year beginning July 1, 2012,
  2 27 multiplied by 100 percent less the regular program foundation
  2 28 base per pupil percentage.
  2 29    This bill modifies the replacement payment calculation
  2 30 for budget years beginning on or after July 1, 2015.  For
  2 31 each budget year beginning on or after July 1, 2015, unless
  2 32 otherwise provided by law, each school district's property tax
  2 33 replacement payment amount is equal to the school district's
  2 34 weighted enrollment for the budget year multiplied by the
  2 35 difference of the following: (1) the regular program state
  3  1 cost per pupil for the budget year beginning July 1, 2015,
  3  2 multiplied by 100 percent less the regular program foundation
  3  3 base per pupil percentage; and (2) the regular program state
  3  4 cost per pupil for the budget year beginning July 1, 2012,
  3  5 multiplied by 100 percent less the regular program foundation
  3  6 base per pupil percentage.
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