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IA SSB3138
SB
Status
2/10/2026
Primary Sponsor
Local Government
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AI Summary
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Excludes school district foundation property taxes (imposed under Code section 257.3) from tax increment financing (TIF) revenue division for urban renewal projects, requiring these taxes to be collected and paid directly to school districts like other property taxes.
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Allows school district boards of directors to voluntarily approve, by resolution, payments from their general fund to municipalities for deposit into urban renewal special funds, covering all or a portion of foundation property taxes levied against property in urban renewal areas.
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Requires school districts seeking to make voluntary payments to file a written request with the county auditor and the school board, followed by filing an approved resolution with the county auditor.
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Specifies that voluntary payments will continue to be considered foundation property taxes under Code section 257.3 and will not trigger adjustments to state foundation aid or other amounts under Code chapter 257.
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Applies to property taxes due and payable in fiscal years beginning on or after July 1, 2027.
Legislative Description
A bill for an act 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.(See SF 2436.)
Last Action
Committee report approving bill, renumbered as SF 2436.
2/19/2026