298.14 School district income surtaxes.
1. For each fiscal year, the cumulative total of the percents of surtax approved by the board of directors of a school district and collected by the department of revenue under sections 257.21, 257.29, and 298.2, and the enrichment surtax under section 442.15, Code 1989, and an income surtax collected by a political subdivision under chapter 422D, shall not exceed twenty percent.
2. A school district income surtax fund is created in the office of treasurer of state. Income surtaxes collected by the department of revenue under sections 257.21, 257.29, and 298.2 and section 442.15, Code 1989, shall be deposited in the school district income surtax fund to the credit of each school district. A separate accounting of each surtax, by school district, shall be maintained.
3. The director of the department of administrative services shall draw warrants in payment of the surtaxes collected in each school district. Warrants shall be payable in two installments to be paid on approximately the first day of December and the first day of February following collection of the taxes and shall be delivered to the respective school districts.
89 Acts, ch 135, §112; 92 Acts, ch 1226, §1; 2000 Acts, ch 1072, §2; 2003 Acts, ch 145, §234; 2017 Acts, ch 54, §76
Referred to in §257.19, 257.24, 257.26, 257.29, 298.2
See also §422D.2 for limit on total surtax
Structure Iowa Code
Title VII - EDUCATION AND CULTURAL AFFAIRS
Chapter 298 - SCHOOL TAXES AND BONDS
Section 298.2 - Imposition of physical plant and equipment levy.
Section 298.3 - Revenues from the levies.
Section 298.4 - District management levy.
Section 298.5 - Taxes estimated.
Section 298.6 - Public disclosure of outstanding levies.
Section 298.7 - Contract for use of library — tax levy.
Section 298.8 - Levy by board of supervisors.
Section 298.9 - Special levies.
Section 298.10 - Levy for cash reserve.
Section 298.11 - Apportionment of school funds.
Section 298.13 - Direct deposit of tax revenue.
Section 298.14 - School district income surtaxes.
Section 298.15 - Payment of judgment.
Section 298.16 - Judgment tax.
Section 298.18 - Bond tax — election — leasing buildings.
Section 298.18A - Levy adjustment.
Section 298.20 - Funding or refunding bonds.
Section 298.21 - School bonds.
Section 298.22 - Form — rate of interest — where registered.