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257-24
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withdrawn from the general fund of the state and shall be considered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
