257.24 - DEPOSIT OF INSTRUCTIONAL SUPPORT INCOME SURTAX.

        257.24  DEPOSIT OF INSTRUCTIONAL SUPPORT INCOME
      SURTAX.
         The director of revenue shall deposit all moneys received as
      instructional support income surtax to the credit of each district
      from which the moneys are received, in the school district income
      surtax fund which is established in section 298.14.
         The director of revenue shall deposit instructional support income
      surtax moneys received on or before November 1 of the year following
      the close of the school budget year for which the surtax is imposed
      to the credit of each district from which the moneys are received in
      the school district income surtax fund.
         Instructional support income surtax moneys received or refunded
      after November 1 of the year following the close of the school budget
      year for which the surtax is imposed shall be deposited in or
      withdrawn from the general fund of the state and shall be considered
      part of the cost of administering the instructional support income
      surtax.  
         Section History: Recent Form
         89 Acts, ch 135, § 24; 2003 Acts, ch 145, §286
         Referred to in § 257.29, 298.2