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Bill > SB35
KS SB35
KS SB35Discontinuing the state property tax levies for the Kansas educational building fund and the state institutions building fund and providing for financing therefor from the state general fund.
summary
Introduced
01/16/2025
01/16/2025
In Committee
03/10/2025
03/10/2025
Crossed Over
01/30/2025
01/30/2025
Passed
04/10/2025
04/10/2025
Dead
Signed/Enacted/Adopted
04/10/2025
04/10/2025
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT concerning property taxation; relating to tax levies; discontinuing the state tax levies for the Kansas educational building fund and the state institutions building fund; providing financing therefor from the state general fund; amending K.S.A. 76- 6b01, 76-6b02, 76-6b04 and 76-6b11 and K.S.A. 2024 Supp. 76-6b05 and repealing the existing sections.
AI Summary
This bill eliminates the existing state property tax levies for the Kansas educational building fund and the state institutions building fund, replacing them with direct transfers from the state general fund. Specifically, the bill discontinues the current property tax levies of 1 mill for the educational building fund and 0.5 mill for the state institutions building fund in 2025. Instead, starting in July 2026, the bill mandates direct transfers from the state general fund: $56 million annually to the Kansas educational building fund and $25 million annually to the state institutions building fund. The annual transfers to the educational building fund will be adjusted each year based on the average percentage change in statewide property valuation over the preceding 10 years, while the state institutions building fund transfer will increase by 2% annually. These funds will continue to be used for construction, reconstruction, equipment, and repair of buildings and grounds at state educational institutions and other state institutions, as well as for debt service on related revenue bonds. The bill ensures that these transfers are subject to legislative appropriation and do not constitute a direct state debt obligation.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Assessment and Taxation (Senate)
Last Action
Senate Approved by Governor on Monday, April 7, 2025 (on 04/10/2025)
Official Document
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