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Minutes for HB2423 - Committee on Taxation
Short Title
Authorizing continuation of the 20 mill statewide property tax levy for schools and the exemption of a portion of residential property from such levy.
Minutes Content for Wed, Mar 24, 2021
Chairperson Smith opened the hearing for HB2423.
Adam Siebers provided an overview HB2423 noting under current law, all taxable tangible property of a school district is taxed at a rate of 20 mills and is used partially to fund State Foundation Aid payments in the school finance formula to school districts. HB2423 would extend the authorization for the 20-mill property tax through 2022-2023 school year and the $20,000 exemption through tax year 2022.
Kathleen Smith, KDOR provided an overview on the fiscal note for HB2423 indicating revenues from the 20-mill property tax, including the $20,000 exemption, that would assist financing State Foundation Aid payment in the school finance formula are estimated to be $752.4 million in FY2022 and $770.6 million in FY2023.
Proponents:
Jim Karleskint, USA Kansas (United School Administrators) testified as a proponent for HB2423. (Attachment 22)
Mark Tallman, Kansas Association of School Boards testified as a proponent for HB2423. (Attachment 23)
Written only testimony as proponents was submitted by Deena Horst and Ben Jones, Legislative Liaisons, Kansas State Board of Education. (Attachment 24)
Neutral:
Trey Cocking, League of Kansas Municipalities testified as neutral to HB2423. (Attachment 25)
Chairperson Smith closed the hearing on HB2423.
