This bill amends existing Kansas law regarding property tax rates imposed by school districts, specifically decreasing the ad valorem tax rate from 20 mills to 19 mills for the school year 2026-2027. It also removes the requirement for the director of the budget to certify tax rates on August 15 of each year, streamlining the process. The bill mandates that the director of the budget certify the revenue generated from both the increase in the exemption provided by K.S.A. 79-201x and the decrease in the ad valorem tax rate, with specified transfers to the state school district finance fund from the state general fund and the budget stabilization fund.

Additionally, the bill repeals the existing sections of K.S.A. 2025 Supp. 72-5133a and 72-5142, effectively updating the legal framework governing school district taxation. The changes aim to provide financial relief to taxpayers while ensuring that school districts continue to receive necessary funding through the state school district finance fund. The act will take effect upon publication in the statute book.

Statutes affected:
As introduced: 72-5133a, 72-5142, 79-1964, 79-1964a, 79-1964b