Bills › 91st General Assembly
Relating to the division of revenue of school district foundation property taxes for urban renewal projects, authorizing voluntary payments by school districts, and including applicability provisions
Topics:K–12 educationCities & countiesTaxesProperty taxes
Same legislation: SF 2436
Where it is now
- Done: IntroducedFebruary 10, 2026
- Done: SubcommitteeFebruary 10, 2026
- Done: Senate committeeFebruary 19, 2026
- Skipped: Passes the SenateContinued as SF 2436
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Became SF 2436 → Its progress continues under the new number. Go to SF 2436 What’s a funnel?
What’s in it
AI summary Currently, some property taxes used for urban renewal projects are shared with cities, but this change would ensure those specific school district taxes go directly to schools instead. Starting in 2027, school districts could choose to voluntarily give some of that money back to a city's special fund to help with local projects. This decision would be made by the school district through a formal vote and would not change the amount of state aid the school receives.1
Read the official explanation
19 (tax increment financing). The bill prohibits the foundation property tax from being divided and paid into the municipality’s special fund for the payment of urban renewal indebtedness and instead requires the tax to be levied, collected, and paid to the school district in the same manner as all other property taxes.3 levied for fiscal years beginning on or after July 1, 2027, against property located in the urban renewal area.3 and such payment shall not result in the adjustment of state foundation aid or other amounts under Code chapter 257. The bill applies to property taxes due and payable in fiscal years beginning on or after July 1, 2027.
Senate subcommittee
Named February 10, 2026. On February 17, 2026 it recommended amendment and passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
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91st General Assembly