Decreases the rate of ad valorem tax imposed by a school district in Kansas.

Kansas HB2795 amends the ad valorem tax rate levied by school districts. The bill sets specific tax rates for various school years, decreasing over time. The tax funds the school district's general fund budget, supports public school operations, and contributes to redevelopment projects. The proceeds, except for those for redevelopment projects, are remitted to the state treasurer and deposited into the state school district finance fund. The bill also repeals the existing section of the statute it amends.

Decreases the rate of ad valorem tax imposed by a school district in Kansas.

Kansas HB2795 amends the ad valorem tax rate levied by school districts. The bill sets specific tax rates for various school years, decreasing over time. The tax funds the school district's general fund budget, supports public school operations, and contributes to redevelopment projects. The proceeds, except for those for redevelopment projects, are remitted to the state treasurer and deposited into the state school district finance fund. The bill also repeals the existing section of the statute it amends.