Kansas HB2377 amends the apportionment of countywide retailers' sales tax revenue based on tangible property tax levies until December 31, 2026.

Kansas HB2377 modifies the apportionment of countywide retailers' sales tax revenue, ensuring it remains based on tangible property tax levies until December 31, 2026. This bill amends the existing law to specify that revenue from countywide retailers' sales tax will be apportioned among the county and each city within the county. The apportionment will be based on the total assessed valuations used to calculate property taxes in the preceding year. The bill also repeals the existing section and includes provisions for the deposit of revenue into the redevelopment bond fund.

Kansas HB2377 amends the apportionment of countywide retailers' sales tax revenue based on tangible property tax levies until December 31, 2026.

Kansas HB2377 modifies the apportionment of countywide retailers' sales tax revenue, ensuring it remains based on tangible property tax levies until December 31, 2026. This bill amends the existing law to specify that revenue from countywide retailers' sales tax will be apportioned among the county and each city within the county. The apportionment will be based on the total assessed valuations used to calculate property taxes in the preceding year. The bill also repeals the existing section and includes provisions for the deposit of revenue into the redevelopment bond fund.