§ 257.21 — Computation of instructional support amount

Iowa § 257.21

• Jurisdiction: Iowa
• Title VII: EDUCATION, HISTORY, AND CULTURE
• Ch. 257: FINANCING SCHOOL PROGRAMS

Text

1. 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.
2. Theinstructionalsupportincomesurtaxshallbeimposedonthestateindividualincome
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
taxescomputedundersection422.5,lesstheamountsofnonrefundablecreditsallowedunder
chapter 422, subchapter II.