The bill amends K.S.A. 2024 Supp. 12-192 to revise the apportionment of revenue received from countywide retailers' sales tax. It specifies that, except for certain exceptions, all revenue will be divided equally between the county and cities based on assessed valuations rather than previous tangible property tax levies. Additionally, it introduces a new apportionment method for Johnson County, where revenue from the first 0.5% of the tax will follow the original formula, while revenue exceeding that will be split into three parts: one-quarter based on tangible property tax levies, one-quarter based on population distribution, and half retained by the county.

Furthermore, the bill establishes that revenue from countywide sales taxes in Montgomery and Phillips counties will be retained by those counties for specific pledged purposes. It also clarifies that certain revenues collected under K.S.A. 74-8929 will not be subject to the new apportionment rules and will instead be directed to a redevelopment bond fund. The bill repeals the previous version of K.S.A. 2024 Supp. 12-192, ensuring that the new provisions take effect upon publication in the statute book.

Statutes affected:
As introduced: 12-192, 74-8927