This bill establishes a 3% excise tax on all sports wagers placed at lottery gaming facilities in Kansas. The tax is to be collected by the facility managers and remitted to the Department of Revenue, which will administer and enforce the tax. The proceeds from this tax will be directed to a newly created public education fund and a sports wagering privilege tax refund fund. Additionally, the bill decreases the statewide property tax levy for school districts by 1.5 mills and amends existing laws related to school district finance and taxation.

The bill also creates a public education fund that will be used exclusively for the state school district finance fund and for paying sports wagering privilege tax refunds. It amends existing statutes to ensure that the funds are allocated appropriately and establishes the framework for the administration of these funds. Furthermore, the bill repeals certain sections of existing law that are no longer applicable due to these changes. Overall, the legislation aims to enhance funding for public education through the regulation of sports wagering in the state.

Statutes affected:
As introduced: 72-5133, 72-5142, 79-1964, 79-1964a, 79-1964b, 74-8733