State Codes and Statutes

Statutes > Nebraska > Chapter79 > 79-1005_01

79-1005.01. State aid calculation generally;income tax receipts; disbursement.For state aid calculatedfor all school fiscal years except school fiscal years 2002-03 through 2007-08:(1) An amount equal to the amount appropriated to the School DistrictIncome Tax Fund for distribution in school fiscal year 1992-93 shall be disbursedas option payments as determined under section 79-1009 and as allocated incometax funds as determined in this section and sections 79-1008.01, 79-1015.01, 79-1017.01, and 79-1018.01, except as provided in section 79-1008.02. Fundsnot distributed as allocated income tax funds due to minimum levy adjustmentsshall not increase the amount available to local systems for distributionas allocated income tax funds;(2) Not later than November 15 of each year, the Tax Commissioner shallcertify to the department for the preceding tax year the income tax liabilityof resident individuals for each local system. The 1996 income tax liabilityof resident individuals of Class I districts that are affiliated with multiplehigh school districts shall be divided between local systems based on thepercentage of the Class I district's valuation affiliated with each high schooldistrict; and(3) Using the data certified by the Tax Commissioner pursuant to subdivision(2) of this section, the department shall calculate the allocation percentageand each local system's allocated income tax funds. The allocation percentageshall be an amount equal to the amount appropriated to the School DistrictIncome Tax Fund for distribution in school fiscal year 1992-93 minus the totalamount paid for option students pursuant to section 79-1009 and, for aid calculatedfor school fiscal year 2010-11, minus twenty milliondollars with the difference divided by the aggregate statewide income taxliability of all resident individuals certified pursuant to subdivision (2)of this section. Each local system's allocated income tax funds shall be calculatedby multiplying the allocation percentage times the local system's income taxliability certified pursuant to subdivision (2) of this section. SourceLaws 1997, LB 806, § 33; Laws 1998, Spec. Sess., LB 1, § 16; Laws 1999, LB 149, § 4; Laws 2002, LB 898, § 4; Laws 2004, LB 1093, § 2; Laws 2008, LB988, § 11; Laws 2009, First Spec. Sess., LB5, § 4.Effective Date: November 21, 2009

State Codes and Statutes

Statutes > Nebraska > Chapter79 > 79-1005_01

79-1005.01. State aid calculation generally;income tax receipts; disbursement.For state aid calculatedfor all school fiscal years except school fiscal years 2002-03 through 2007-08:(1) An amount equal to the amount appropriated to the School DistrictIncome Tax Fund for distribution in school fiscal year 1992-93 shall be disbursedas option payments as determined under section 79-1009 and as allocated incometax funds as determined in this section and sections 79-1008.01, 79-1015.01, 79-1017.01, and 79-1018.01, except as provided in section 79-1008.02. Fundsnot distributed as allocated income tax funds due to minimum levy adjustmentsshall not increase the amount available to local systems for distributionas allocated income tax funds;(2) Not later than November 15 of each year, the Tax Commissioner shallcertify to the department for the preceding tax year the income tax liabilityof resident individuals for each local system. The 1996 income tax liabilityof resident individuals of Class I districts that are affiliated with multiplehigh school districts shall be divided between local systems based on thepercentage of the Class I district's valuation affiliated with each high schooldistrict; and(3) Using the data certified by the Tax Commissioner pursuant to subdivision(2) of this section, the department shall calculate the allocation percentageand each local system's allocated income tax funds. The allocation percentageshall be an amount equal to the amount appropriated to the School DistrictIncome Tax Fund for distribution in school fiscal year 1992-93 minus the totalamount paid for option students pursuant to section 79-1009 and, for aid calculatedfor school fiscal year 2010-11, minus twenty milliondollars with the difference divided by the aggregate statewide income taxliability of all resident individuals certified pursuant to subdivision (2)of this section. Each local system's allocated income tax funds shall be calculatedby multiplying the allocation percentage times the local system's income taxliability certified pursuant to subdivision (2) of this section. SourceLaws 1997, LB 806, § 33; Laws 1998, Spec. Sess., LB 1, § 16; Laws 1999, LB 149, § 4; Laws 2002, LB 898, § 4; Laws 2004, LB 1093, § 2; Laws 2008, LB988, § 11; Laws 2009, First Spec. Sess., LB5, § 4.Effective Date: November 21, 2009

State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter79 > 79-1005_01

79-1005.01. State aid calculation generally;income tax receipts; disbursement.For state aid calculatedfor all school fiscal years except school fiscal years 2002-03 through 2007-08:(1) An amount equal to the amount appropriated to the School DistrictIncome Tax Fund for distribution in school fiscal year 1992-93 shall be disbursedas option payments as determined under section 79-1009 and as allocated incometax funds as determined in this section and sections 79-1008.01, 79-1015.01, 79-1017.01, and 79-1018.01, except as provided in section 79-1008.02. Fundsnot distributed as allocated income tax funds due to minimum levy adjustmentsshall not increase the amount available to local systems for distributionas allocated income tax funds;(2) Not later than November 15 of each year, the Tax Commissioner shallcertify to the department for the preceding tax year the income tax liabilityof resident individuals for each local system. The 1996 income tax liabilityof resident individuals of Class I districts that are affiliated with multiplehigh school districts shall be divided between local systems based on thepercentage of the Class I district's valuation affiliated with each high schooldistrict; and(3) Using the data certified by the Tax Commissioner pursuant to subdivision(2) of this section, the department shall calculate the allocation percentageand each local system's allocated income tax funds. The allocation percentageshall be an amount equal to the amount appropriated to the School DistrictIncome Tax Fund for distribution in school fiscal year 1992-93 minus the totalamount paid for option students pursuant to section 79-1009 and, for aid calculatedfor school fiscal year 2010-11, minus twenty milliondollars with the difference divided by the aggregate statewide income taxliability of all resident individuals certified pursuant to subdivision (2)of this section. Each local system's allocated income tax funds shall be calculatedby multiplying the allocation percentage times the local system's income taxliability certified pursuant to subdivision (2) of this section. SourceLaws 1997, LB 806, § 33; Laws 1998, Spec. Sess., LB 1, § 16; Laws 1999, LB 149, § 4; Laws 2002, LB 898, § 4; Laws 2004, LB 1093, § 2; Laws 2008, LB988, § 11; Laws 2009, First Spec. Sess., LB5, § 4.Effective Date: November 21, 2009