PK-12 Finance & Data School Facilities Funding Local Option Sales & Services Tax | Local Option Sales and Services Tax for School Infrastructure (LOSST) |
|
|
|
Local sales and services tax moneys received by a county for school infrastructure purposes shall be utilized for school infrastructure needs or property tax relief. "School infrastructure" means those activities for which a school district is authorized to contract indebtedness and issue general obligation bonds under Iowa Code section 296.1, except those activities related to a teacher's or superintendent's home or homes. These activities include the construction, reconstruction, repair, demolition work, purchasing, or remodeling of schoolhouses, stadiums, gyms, field houses, and bus garages and the procurement of schoolhouse construction sites and making of site improvements and those activities for which revenues under Iowa Code section 298.3 or section 300.2 may be spent. Additionally, "school infrastructure" includes the payment or retirement of outstanding bonds previously issued for school infrastructure purposes, and the payment or retirement of bonds issued under Iowa Code section 423E.5.The maximum rate of tax shall be one percent. The tax shall be imposed without regard to any other local sales and services tax authorized in Iowa Code chapter 423B, and is repealed at the expiration of a period of ten years of imposition or a shorter period as provided in the ballot proposition unless the period is extended as provided in Iowa Code section 423E.2, subsection 5. Elections
Below is a map of the counties in Iowa that have Local Option Sales and Service Tax.
 Links
FAQsLocal Option Sales and Service Tax FAQs Contact
Gary Schwartz
|
||||
| Last Updated ( Tuesday, 17 June 2008 ) | ||||
History of local option elections
