Bill Caption

Fiscal Notes

Bill Analysis

SB 1360 would require a tax bill or a separate statement for property that is located in a school district that has entered into a recapture agreement with the commissioner of education to purchase average daily attendance credits to include specific language relating to:

1) the school district property tax due; and

2) the dollar amount of property tax that will go to fund maintenance and operations, bonded indebtedness, and to the state.

In a school district that is entitled to state aid regarding the foundation school program, the tax bill or separate statement would be required to include specific language relating to:

1)  the total amount of revenue the school district will receive from the property;

2)  the amount of that revenue that will fund maintenance and operations; and

3)  the amount of that revenue that will fund bonded indebtedness.

The tax assessor for each respective school district would be required to compute these amounts for the current tax year.

Vote Recommendation Notes