Bills › 88th General Assembly
Relating to the rate of and authority to impose school district regular and voter-approved physical plant and equipment levies for certain school budget years
Topics:K–12 educationTaxes
Where it is now
- Done: IntroducedJanuary 21, 2020
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committee
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary School districts would no longer be allowed to use a standard property tax to pay for buildings and equipment. Instead, these costs must be covered only by taxes that local voters have specifically approved. If voters previously approved a lower tax rate, that rate stays the same unless they vote to increase it.1
Read the official explanation
67 per $1,000 of assessed valuation in the school district.34 per $1,000 of assessed valuation. However, the voter-approved physical plant and equipment levy may consist of a combination of a physical plant and equipment property tax levy and a physical plant and equipment income surtax.67 per $1,000 of assessed valuation.67 rate authorized in the bill at an election held on or after July 1, 2020.