Excludes certain administrative penalties from the calculation of local effort in Iron County
Impact
The bill's provisions aim to provide immediate legislative relief to the affected school districts, ensuring that they are not penalized in their funding calculations for incident-related penalties that may affect their financial stability. The immediate action stipulated in the bill is characterized as necessary for the preservation of public health, welfare, and safety, indicating the urgency perceived by the bill's sponsors. If passed, this bill could help stabilize school funding amidst ongoing environmental corrections and regulations.
Summary
House Bill 1480 seeks to amend existing law by excluding certain administrative penalties from the calculation of local effort funding for school districts in Iron County, Missouri. This bill specifically targets funds received from civil penalties related to environmental violations as adjudicated in a 2011 consent decree involving Doe Run Resources Corporation. By excluding these penalties from the local effort figure, the bill aims to refine how school districts calculate their funding, potentially increasing available resources for education in these affected areas.
Contention
Notable points of contention may arise regarding the precedent set by excluding certain funds from school budget calculations. Critics could argue that this exclusion may create disparities in funding among districts or affect the enforcement of environmental regulations if penalties are perceived as inconsequential. Furthermore, while the bill provides targeted relief, it raises questions about accountability in environmental governance and the long-term implications of linking funding calculations to administrative penalties.
Creating a 'Chapter 62F calculations' study group of fiscal harms caused by excluding new local tax revenue from "allowable state tax revenue" calculations and other such calculations
Creating a 'Chapter 62F calculations' study group of fiscal harms caused by excluding new local tax revenue from "allowable state tax revenue" calculations and other such calculations
Excludes certain dividend income from the calculation of gross income as determined under federal law for purposes of calculating state corporation income tax (Item #4)