HB 6015 Summary

• Allows school districts beginning in 2017 to levy an "equitable enhancement property tax" at a rate of 1 mill upon voter approval by a majority of school electors voting on the question.

• School boards may place the tax on the ballot at a regular school election (at least 90 days after board resolution) or at a special election (if resolution adopted more than 180 days before next regular election and requested in the resolution).

• Revenue from the tax must be submitted to the state treasurer within 5 days of receipt and deposited into a newly created "equitable enhancement fund" for distribution to all contributing school districts.

• State treasurer distributes fund revenue annually on August 1 to each contributing school district based on a formula using total statewide revenue divided by combined membership of all contributing districts, multiplied by each district's membership.

• Tax may be levied for a term not exceeding 20 years and may be renewed for the same term with voter approval; revenue does not go to school districts that do not directly operate public schools.