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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