Bill Text: IA SF176 | 2015-2016 | 86th General Assembly | Enrolled

Iowa Senate Bill 176 (Prior Session Legislation)

Bill Title: A bill for an act relating to school district property tax replacement payments for certain budget years and including effective date provisions. (Formerly SSB 1145.) Effective 6-26-15.

Spectrum: Committee Bill

Status: (Passed) 2015-06-26 - Signed by Governor. S.J. 1132. [SF176 Detail]

Download: Iowa-2015-SF176-Enrolled.html

Senate File 176 - Enrolled




                              SENATE FILE       
                              BY  COMMITTEE ON EDUCATION

                              (SUCCESSOR TO SSB
                                  1145)
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                                   A BILL FOR
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                                        Senate File 176

                             AN ACT
 RELATING TO SCHOOL DISTRICT PROPERTY TAX REPLACEMENT PAYMENTS
    FOR CERTAIN BUDGET YEARS AND INCLUDING EFFECTIVE DATE
    PROVISIONS.

 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
    Section 1.  Section 257.16B, subsection 2, paragraph b,
 unnumbered paragraph 1, Code 2015, is amended to read as
 follows:
    For each the budget year beginning on or after July 1, 2014,
 the department of management shall calculate for each school
 district all of the following:
    Sec. 2.  Section 257.16B, subsection 2, paragraph b,
 subparagraph (3), Code 2015, is amended to read as follows:
    (3)  The amount of each school district's property tax
 replacement payment. Each school district's property tax
  replacement payment equals the school district's weighted
 enrollment for the budget year beginning July 1, 2014,
  multiplied by the remainder of the amount calculated for
 the school district under subparagraph (2) minus the amount
 calculated for the school district under subparagraph (1).
    Sec. 3.  Section 257.16B, subsection 2, Code 2015, is amended
 by adding the following new paragraphs:
    NEW PARAGRAPH.  c.  For the budget year beginning July 1,
 2015, the department of management shall calculate for each
 school district all of the following:
    (1)  The regular program state cost per pupil for the budget
 year beginning July 1, 2012, multiplied by one hundred percent
 less the regular program foundation base per pupil percentage
 pursuant to section 257.1.
    (2)  The regular program state cost per pupil for the budget
 year beginning July 1, 2015, multiplied by one hundred percent
 less the regular program foundation base per pupil percentage
 pursuant to section 257.1.
    (3)  The amount of each school district's property tax
 replacement payment. Each school district's property tax
 replacement payment equals the school district's weighted
 enrollment for the budget year beginning July 1, 2015,
 multiplied by the remainder of the amount calculated for
 the school district under subparagraph (2) minus the amount
 calculated for the school district under subparagraph (1).
    NEW PARAGRAPH.  d.  For each budget year beginning on
 or after July 1, 2016, the department of management shall
 calculate for each school district all of the following:
    (1)  The regular program state cost per pupil for the budget
 year beginning July 1, 2012, multiplied by one hundred percent
 less the regular program foundation base per pupil percentage
 pursuant to section 257.1.
    (2)  The regular program state cost per pupil for the budget
 year beginning July 1, 2016, multiplied by one hundred percent
 less the regular program foundation base per pupil percentage
 pursuant to section 257.1.
    (3)  The amount of each school district's property tax
 replacement payment. Each school district's property tax
 replacement payment equals the school district's weighted
 enrollment for the budget year multiplied by the remainder
 of the amount calculated for the school district under
 subparagraph (2) minus the amount calculated for the school
 district under subparagraph (1).
    Sec. 4.  EFFECTIVE UPON ENACTMENT.  This Act, being deemed of
 immediate importance, takes effect upon enactment.


                                                             
                               PAM JOCHUM
                               President of the Senate


                                                             
                               KRAIG PAULSEN
                               Speaker of the House
    I hereby certify that this bill originated in the Senate and
 is known as Senate File 176, Eighty=sixth General Assembly.


                                                             
                               MICHAEL E. MARSHALL
                               Secretary of the Senate
 Approved                , 2015


                                                             
                               TERRY E. BRANSTAD
                               Governor

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