HF 359: Relating to disclosures on property tax statements concerning school district funding reductions and individual taxpayer payments to the education savings account program

What it does

This bill relates to disclosures on property tax statements concerning school district funding reductions and individual taxpayer payments to the education savings account program.” The bill requires the department of management (DOM) to make all calculations necessary to determine the information required to be disclosed to a titleholder concerning reductions to the titleholder’s school district due to students receiving payments through the ESA program, requires DOM and the department of revenue to collaborate to make calculations necessary to determine information required to be disclosed to a titleholder concerning the titleholder’s total payments of income taxes used to fund the ESA program, and requires DOM to transmit such information to the treasurer in a timely manner.

In plain words

1. February 12, 2025Filed in the House and sent to the Ways and Means committee