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KS SB532

Bill

Official Source

Status

Introduced

3/9/2026

Primary Sponsor

Assessment and Taxation

Click for details

Origin

Senate

2025-2026 Regular Session

AI Summary

  • School district ad valorem property tax rate would decrease from 20 mills to 15 mills over a five-year period, starting in school year 2027-2028
  • Rate reduction schedule: 20 mills (2026-2027), 19 mills (2027-2028), 18 mills (2028-2029), 17 mills (2029-2030), 16 mills (2030-2031), and 15 mills (2031-2032 and thereafter)
  • Tax proceeds continue to be remitted to the state treasurer and deposited into the state school district finance fund
  • Amends K.S.A. 2025 Supp. 72-5142 and takes effect upon publication in the statute book

Legislative Description

Decreasing the rate of ad valorem tax imposed by a school district.

Last Action

Senate Referred to Committee on Assessment and Taxation

3/10/2026

Committee Referrals

Assessment and Taxation3/10/2026

Full Bill Text

No bill text available