Kansas HB2211 provides funding to replace lost food sales tax revenue for STAR bond districts established before December 31, 2022.
Kansas HB2211 establishes the STAR bonds food sales tax revenue replacement fund to compensate STAR bond districts for lost food sales tax revenue. The bill mandates the state treasurer to transfer funds from the state general fund to this replacement fund monthly, starting July 15, 2025. The fund will be used to cover lost revenue from sales of food and food ingredients within STAR bond districts established before December 31, 2022. The bill also modifies the tax increment definition for these districts, excluding certain state and local sales, use, and transient guest tax revenues.
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