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UT SB0065
Bill
Status
Failed
3/6/2026
Primary Sponsor
Lincoln Fillmore
Click for details
AI Summary
- School districts imposing the minimum basic tax rate must remit all revenue generated to the state treasurer, who deposits it into a newly created Minimum Basic Tax Special Revenue Fund
- The state guarantees full funding of the basic school program for districts that impose the minimum basic tax rate, distributing equivalent state funds back to districts within 35 days of receiving the tax revenue
- Property tax notices must include a statement explaining that the minimum basic tax generates revenue remitted to the state, which then returns equivalent funds plus any additional state funds needed to cover the district's basic school program
- Repeals existing provisions that treated minimum basic tax revenue as a local contribution toward the basic school program, shifting the funding model to full state responsibility
- Takes effect May 6, 2026, with certain provisions effective July 1, 2026
Legislative Description
Minimum Basic Tax Rate Amendments
Education
Last Action
Senate/ filed in Senate file for bills not passed
3/6/2026
Committee Referrals
Education2/27/2026
Rules2/18/2026
Revenue and Taxation1/20/2026
Rules1/20/2026
Full Bill Text
No bill text available