Amendment H-8139 to HF 2576
Relating to the adjustments to state foundation aid paid to a school district following an assessed value reduction for certain property and including effective date and applicability provisions
Never voted on
Filed March 10, 2020 in the House by
What it changes
- Page 1, line 4, after “paid” by inserting “or had a reduction in property taxes due”
- Page 1, line 15, after “repayment” by inserting “or reduction”
- Page 2, after line 1 by inserting: “Sec. ___. ADJUSTMENT TO STATE FOUNDATION AID FOR SCHOOL BUDGET YEAR 2020-2021.
- If a school district was required to repay property taxes paid or had a reduction in property taxes due for school taxes levied for the school budget year beginning July 1, 2019, on a property that received an assessed value reduction for the assessment year beginning January 1, 2018, by action of the board of review or property assessment appeal board, or by judicial action, and the amount of the reduction for the property exceeded forty-seven million dollars, the school district is eligible for an adjustment in state foundation aid for the budget year beginning July 1,
- To receive the adjustment in state foundation aid, the school district shall apply to the department of management within thirty days following the effective date of this Act and section 257.12, subsection 3, shall not apply. The department of management shall determine the amount of adjustment in state foundation aid pursuant to subsection
- The department of management shall determine the amount of state foundation aid which the school district would have received under section 257.1 for the school budget year beginning July 1, 2019, in the manner provided in section 257.12, subsection
- The adjustment in state foundation aid under this section shall be paid as provided in section 257.16.”
- Page 2, line 4, by striking “This” and inserting “Except as otherwise provided in this Act, this”
- By renumbering as necessary.