HF 647 — A bill for an act relating to state finances by prescribing the day on which certain transfers and deposits into and from the general fund of the state shall be made by certain state agencies and amending the duties of the auditor of state with regard to audit and examination reports. (Formerly HSB 198.)

Bill Text

• Introduced View text Current pdf

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

• Section 11.4, subsection 1

  With regard to an audit or examination of the department of revenue or the department of administrative services, the auditor’s opinion, after considering the best practices and long-term operations of the department of revenue and the department of administrative services, as to whether the pace at which individual and corporate income tax, franchise tax, and sales and use tax refunds were processed and paid during a fiscal year by the department of revenue was appropriate, and as to whether the fiscal year to which such refunds were accrued and attributed by the department of administrative services was appropriate, or whether a deviation from the best practices and long-term operations of one or more department exists. If a deviation is found to exist, the auditor shall include the auditor’s opinion, if any, as to the reason for the deviation.

  This change adds a requirement for the auditor to evaluate the appropriateness of tax refund processing and reporting.

• Section 123.17, subsection 2

  The director shall transfer such amounts on the eighth day of each month or, if such day falls on a weekend or a holiday, the next succeeding business day. → The director shall transfer such amounts on the eighth day of each month or, if such day falls on a weekend or a holiday, the next succeeding business day. The director shall not transfer amounts on any other day unless the director determines that extraordinary circumstances exist.

  This adds a condition that prevents transfers on any day other than specified unless extraordinary circumstances arise.

• Section 298.14, unnumbered paragraph 2

  Deposits into the school district income surtax fund during any month shall be made on the twentieth day of the month or, if such day falls on a weekend or a holiday, the next succeeding business day. → Deposits into the school district income surtax fund during any month shall be made on the twentieth day of the month or, if such day falls on a weekend or a holiday, the next succeeding business day. Deposits shall not be made into the school district income surtax fund on any other day unless the director of revenue determines that extraordinary circumstances exist.

  This adds restrictions on the days deposits can be made, similar to previous sections.

• Section 421.17, subsections 22, 23, and 24

  Transfers or remittances from the general fund of the state for purposes of the payment of such fees during any month shall be made on the twentieth day of the month or, if such day falls on a weekend or a holiday, the next succeeding business day. → Transfers or remittances from the general fund of the state for purposes of the payment of such fees during any month shall be made on the twentieth day of the month or, if such day falls on a weekend or a holiday, the next succeeding business day. Transfers or remittances shall not be made on any other day unless the director determines that extraordinary circumstances exist.

  This enforces a strict schedule for transfers and remittances, allowing deviations only under extraordinary circumstances.

• Section 422.16, subsection 2

  A withholding agent that is a state agency or department and that withholds more than five thousand dollars in a semimonthly period shall deposit such required semimonthly deposit amounts on the tenth day of the month and the twenty-fifth day of the month or, if such day falls on a weekend or a holiday, the next succeeding business day, and shall not deposit semimonthly withholding amounts with the department on any other day unless the director determines that extraordinary circumstances exist.

  This introduces a mandatory schedule for state agencies to make semimonthly deposit amounts.

• Section 422.16A

  Upon the completion by a business of its repayment obligation for a training project funded under chapter 260E, including a job training project funded under section 15A.8 or repaid in whole or in part by the supplemental new jobs credit from withholding under section 15A.7 or section 15E.197, the sponsoring community college shall report to the economic development authority the amount of withholding paid by the business to the community college during the final twelve months of withholding payments. The economic development authority shall notify the department of revenue of that amount.

  This adds a requirement for community colleges to report withholding amounts related to job training projects.

Action History

1. January 08, 2018

   Rereferred to Appropriations.

2. April 18, 2017

   Fiscal note.

3. April 14, 2017

   Introduced, placed on Appropriations calendar.

Sponsors

• COMMITTEE ON APPROPRIATIONS · Primary

Subjects