Iowa HF359 mandates property tax statements to disclose reductions in school district funding due to education savings account payments.

Iowa HF359 requires property tax statements to include details about funding reductions in school districts resulting from students receiving payments through the education savings account program. Specifically, it mandates statements to show how much less funding a district received in the current school year compared to the previous year due to these payments. Additionally, it requires statements to detail how much of a taxpayer's state income taxes have been used to fund the education savings account program.

Iowa HF359 mandates property tax statements to disclose reductions in school district funding due to education savings account payments.

Iowa HF359 requires property tax statements to include details about funding reductions in school districts resulting from students receiving payments through the education savings account program. Specifically, it mandates statements to show how much less funding a district received in the current school year compared to the previous year due to these payments. Additionally, it requires statements to detail how much of a taxpayer's state income taxes have been used to fund the education savings account program.