HB2151 Increases the state sales tax by one cent to be used for school purposes and requires a roll-back of property taxes collected for school purposes.
Sponsor: Griesheimer, John E. (109) Effective Date:00/00/0000
CoSponsor: LR Number: 2565L.01I
Last Action: 04/13/2000 - Referred: Education-Elementary and Secondary (H)
HB2151
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB2151 Copyright(c)
* Introduced

Available Bill Text for HB2151
* Introduced *

BILL SUMMARIES

INTRODUCED

HB 2151 -- School Funding

Sponsor:  Griesheimer

This bill raises sales and use taxes from 4 cents to 5 cents and
directs the extra penny into the school district trust fund.  In
the school funding formula, 25% rather than 50% of the amount
received from state sales tax will be deducted from each
district's entitlement as local wealth.  Districts are
prohibited from forgoing a rollback on the revenue received from
the additional cent of sales tax.  A few technical changes are
made in the funding formula.  The bill is subject to approval by
the voters.


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Last Updated October 5, 2000 at 11:36 am