Bill > HB0300

This bill extends the period during which a school district's state-guaranteed funding will not be reduced due to a decrease in its certified tax rate, which is the rate used to calculate property taxes. Specifically, the bill amends existing law to allow this "hold harmless" provision to apply for two years following a change in the certified tax rate, instead of the previous one-year period. This protection is in place when a school district proportionally reduces its local levies, such as voted local levies (taxes approved by voters) or board local levies (taxes set by the school board), in response to changes in property valuation that affect the certified tax rate. The bill also clarifies that this protection does not apply if the district shifts tax capacity from voted or board local levies to capital local levies, which are used for building and facility needs. The changes made by this bill are set to take effect on July 1, 2026.

Budget and Finance

https://le.utah.gov/~2026/bills/static/HB0300.html