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ID H0173
Bill
Status
2/20/2015
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
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Requires 50% of the value on the new construction roll to be remitted to public schools for bond repayment, building safety improvements, and other safety needs.
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Distributes school funding proportionally based on each school district's and public charter school's average daily attendance relative to total county attendance.
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Authorizes counties to withhold equivalent amounts from other taxing districts' budgets to offset funds remitted to schools.
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Amends Section 63-812 to require tax collectors to account for and remit property tax revenues to county auditors, including moneys distributed to school districts and public charter schools.
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Takes effect July 1, 2015 for Sections 1, 2, and 4; Section 3 takes effect July 1, 2017.
Legislative Description
Amends existing law to specify the use of a certain percent of the new construction roll shall be for bond retirement of school districts and for other safety needs of the public schools or for public charter school buildings.
NEW CONSTRUCTION ROLL
Last Action
Reported Printed and Referred to Revenue & Taxation
2/23/2015