HB 2158 — TPT; additional rate; education

HB2158 - 532R - IH Ver       REFERENCEHouse TITLE:Engrossed         State of Arizona House of Representatives Fifty-third Legislature Second Regular Session     HOUSE BILL 2158       AN ACT   amending sections 15‑185, 15‑241, 15‑241.02, 15‑971, 15‑977, 15‑1409, 15‑1472, 15‑1648, 15‑2084 and 15‑2085, Arizona Revised Statutes;

TPT;

additional rate;

education         State of Arizona House of Representatives Fifty-third Legislature Second Regular Session     HB 2158   Introduced by Representative Coleman:

Senator Brophy McGee     AN ACT   amending sections 15‑185, 15‑241, 15‑241.02, 15‑971, 15‑977, 15‑1409, 15‑1472, 15‑1648, 15‑2084 and 15‑2085, Arizona Revised Statutes;

Notwithstanding section 15‑1042, subsection F, student level data submitted to the department may be used to determine estimated student counts.  After the first forty days, one hundred days or two hundred days in session, as applicable, the charter school shall revise the student count to be equal to the actual average daily membership, as defined in section 15‑901, of the charter school.  Before the fortieth day, one hundredth day or two hundredth day in session, as applicable, the state board of education, the state board for charter schools, the sponsoring university, the sponsoring community college district or the sponsoring group of community college districts may require a charter school to report periodically regarding pupil enrollment and attendance, and the department of education may revise its computation of equalization assistance based on the report.  A charter school shall revise its student count, base support level and charter additional assistance before May 15.  A charter school that overestimated its student count shall revise its budget before May 15.  A charter school that underestimated its student count may revise its budget before May 15.

 A charter school that underestimated its student count may revise its budget before May 15.

additional rate increment A.  From and after June 30, 2021,2021 through June 30, 2041, in addition to the rates prescribed by section 42‑5010, subsection A, an additional rate increment is imposed and shall be collected.  The additional tax rate increment is levied at the rate of six‑tenths of one percent of the tax base of every person engaging or continuing in this state in a business classification listed in section 42‑5010, subsection A, paragraph 1.

5.  From5.  Revenues and after June 30, 2021, Revenues collected pursuant to section 42‑5010.01 and section 42‑5155, subsection E.

definitions A.  FromA.  All and after June 30, 2021, all monies collected pursuant to section 42‑5010.01 and section 42‑5155, subsection E shall be distributed each fiscal year pursuant to this subsection.  The monies distributed pursuant to this subsection are in addition to any other appropriation, transfer or other allocation of public or private monies from any other source and may not supplant, replace or cause a reduction in other school district, charter school, university or community college funding sources.

1.  If1.  $64,100,000 there are outstanding state school facilities revenue bonds pursuant to title 15, chapter 16, article 7, one‑twelfth of the amount that is necessaryappropriated toeach pay the fiscal year'syear, debtto service on outstanding state school improvement revenue bonds for the current fiscal year shall be transferredpaid eachin monthmonthly installments, to the schoolclassroom improvementsite revenue bond debt service fund established pursuantby to section 15‑2084.  The15‑977. total amount of bonds for which these monies may be allocated for the payment of debt service shall not exceed a principal amount of eight hundred million dollars exclusive of refunding bonds and other refinancing obligations.

E.  From and after June 30, 2021,2021 through June 30, 2041, in addition to the rate prescribed by subsection C of this section, an additional rate increment of six‑tenths of one percent is imposed and shall be collected.  The taxpayer shall pay taxes pursuant to this subsection at the same time and in the same manner as under subsection C of this section.  The department shall separately account for the revenues collected with respect to the rate imposed pursuant to this subsection, and the state treasurer shall pay all of those revenues in the manner prescribed by section 42‑5029.02, subsection A.

START_STATUTE43-1072.02.  Credit for increased transaction privilege or excise tax paid for education A.  Subject to the conditions prescribed by this section, for taxable years beginning from and after December 31, 2020 and ending before January 1, 2042 a credit is allowed against the taxes imposed by this chapter for a taxable year for a taxpayer who is not claimed as a dependent by any other taxpayer and whose federal adjusted gross income is: