257.21 - COMPUTATION OF INSTRUCTIONAL SUPPORT AMOUNT.
257.21 COMPUTATION OF INSTRUCTIONAL SUPPORT AMOUNT.
The department of management shall establish the amount of
instructional support property tax to be levied and the amount of
instructional support income surtax to be imposed by a district in
accordance with the decision of the board under section 257.19 for
each school year for which the instructional support program is
authorized. The department of management shall determine these
amounts based upon the most recent figures available for the
district's valuation of taxable property, individual state income tax
paid, and budget enrollment in the district, and shall certify to the
district's county auditor the amount of instructional support
property tax, and to the director of revenue the amount of
instructional support income surtax to be imposed if an instructional
support income surtax is to be imposed.
The instructional support income surtax shall be imposed on the
state individual income tax for the calendar year during which the
school's budget year begins, or for a taxpayer's fiscal year ending
during the second half of that calendar year and after the date the
board adopts a resolution to participate in the program or the first
half of the succeeding calendar year, and shall be imposed on all
individuals residing in the school district on the last day of the
applicable tax year. As used in this section, "state individual
income tax" means the taxes computed under section 422.5, less the
amounts of nonrefundable credits allowed under chapter 422, division
II. Section History: Recent Form
89 Acts, ch 135, § 21; 91 Acts, ch 159, §1; 97 Acts, ch 23, §25;
2003 Acts, ch 145, §286; 2006 Acts, ch 1158, §3
Referred to in § 257.29, 298.2, 298.14
Limit on total surtax, § 298.14