Kansas HB2791 imposes a 3% excise tax on sports wagers, funding the state school district finance fund and reducing the property tax levy for school.
Kansas HB2791 introduces a 3% excise tax on all sports wagers within the state. The revenue generated from this tax will be directed to the state school district finance fund, supporting school district finance. Additionally, the bill reduces the statewide property tax levy for school districts by 1.5 mills. The tax is collected by lottery gaming facility managers and remitted to the state treasurer for deposit into the public education fund. The proceeds from this fund are then transferred to the state school district finance fund and used for sports wagering privilege tax refunds.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.