This bill modifies provisions related to property tax.
This bill:
- requires the minimum basic tax rate imposed by school districts to be certified by consensus between the State Tax Commission, the Governor's Office of Planning and Budget, and the Office of the Legislative Fiscal Analyst;
- allows for the use of money in the Public Education Economic Stabilization Restricted Account to fund certain shortfalls in the basic school program; and
- makes technical changes.

Statutes affected:
Introduced: 53F-2-301, 53F-9-204, 59-2-103
Enrolled: 53F-2-301, 53F-9-204
Substitute #1: 53F-2-301, 53F-9-204