This bill amends existing Kansas property tax laws by discontinuing state tax levies for the Kansas educational building fund and the state institutions building fund, replacing them with financing from the state general fund. Specifically, it repeals the previous annual permanent state tax levies and establishes a new tax structure, including a state tax of 1 mill for educational institutions and 0.5 mill for state institutions caring for individuals with disabilities or in need of care. The bill also outlines the process for transferring funds from the state general fund to the respective building funds, ensuring that these transfers are based on the previous year's amounts adjusted for changes in statewide taxable valuation.

Additionally, the bill includes provisions for the management and allocation of funds received under the new tax structure, emphasizing that any obligations for debt service on revenue bonds issued for these purposes will not be considered a debt of the state. The amendments to K.S.A. 76-6b01, 76-6b02, 76-6b04, and 76-6b11, along with the repeal of existing sections, aim to streamline funding for educational and institutional building projects while ensuring that the state’s financial obligations remain manageable. The act will take effect upon publication in the statute book.

Statutes affected:
As introduced: 76-6b01, 76-6b02, 76-6b04, 76-6b11, 76-6b05
As Amended by Senate Committee: 76-6b01, 76-6b02, 76-6b04, 76-6b11, 76-6b05
{As Amended by Senate Committee of the Whole}: 76-6b01, 76-6b02, 76-6b04, 76-6b11, 76-6b05
{As Amended by House Committee of the Whole}: 79-2988, 79-2989, 76-6b01, 76-6b02, 76-6b04, 76-6b05, 76-6b11, 72-5137, 72-5142, 79-1964, 79-1964b, 79-1801, 79-2929
Enrolled: 76-6b02, 76-6b04, 76-6b11, 76-6b05, 76-6b01