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ID H0376
Bill
Status
4/6/2023
Primary Sponsor
Ways and Means Committee
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AI Summary
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Allocates 4.5% of sales tax revenues (minimum $80 million, maximum $140 million annually) beginning fiscal year 2024, with $80 million going to the transportation expansion and congestion mitigation fund and excess funds distributed to local units of government for highway projects.
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Establishes 2.25% annual distribution of sales tax revenues to the homeowner property tax relief account beginning fiscal year 2024.
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Establishes 2.25% annual distribution of sales tax revenues to the school district facilities fund beginning fiscal year 2024.
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Distributes $330 million annually to the public school income fund and $80 million annually to the in-demand careers fund beginning fiscal year 2024.
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Declares an emergency, making the act effective immediately upon passage and approval.
Legislative Description
Amends HB292 to provide for the distribution of certain sales tax funds regarding transportation congestion, the Homeowner Property Tax Relief Account, and the School District Facilities Fund.
PROPERTY TAX RELIEF
Last Action
Reported Signed by Governor on March 31, 2023 Session Law Chapter 234 Effective: 03/31/2023
4/6/2023