UT HB0300

Extends the hold harmless period from one year to two years for school districts whose state guaranteed funding would otherwise be reduced due to certified tax rate changes from property valuation increases

Requires districts to apply certified rate reductions proportionally across voted local levy, board local levy, and capital local levy to qualify for the hold harmless protection

Maintains the existing three-year phase-out schedule for excess state guarantee funds: 100% in FY2026, 66% in FY2027, 33% in FY2028, and 0% in FY2029

Amends Utah Code Section 53F-2-601 governing state guaranteed local levy increments, which currently guarantees $43.10 per weighted pupil unit for up to 20 local levy increments

Takes effect July 1, 2026