This bill amends K.S.A. 2025 Supp. 72-5142 to decrease the ad valorem tax rate imposed by school districts over several school years. The new tax rates will be set at 20 mills for the school year 2026-2027, followed by a gradual reduction to 15 mills for the school year 2031-2032 and each subsequent year. The previous requirement for a 20-mill rate in the school years 2025-2026 and 2026-2027 has been deleted from the law.

Additionally, the bill repeals the existing section of K.S.A. 2025 Supp. 72-5142, which indicates a significant change in the legislative framework governing property tax rates for school districts. The act will take effect upon its publication in the statute book, signaling an immediate shift in the taxation structure for educational funding in Kansas.

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