This bill amends provisions related to the minimum basic tax that school districts impose.
This bill:
- ensures state funding in an amount that covers the total cost of the basic school program for a school district that imposes the minimum basic tax rate;
- requires school districts that impose the minimum basic tax to remit to the state the revenue the tax generates;
- creates a special revenue fund for the revenue that the minimum basic tax generates;
- requires a specific statement on the property tax notice;
- repeals provisions regarding state and local contributions toward the basic school program; and
- makes technical and conforming changes.

Statutes affected:
Introduced: 11-13-302, 53F-2-205, 53F-2-301, 53F-2-515, 59-2-902, 59-2-904, 59-2-1317