Utah HB0300 amends school district taxation by adjusting state guarantee funding based on certified tax rate changes and property valuation.

Utah HB0300 modifies the state guarantee funding for school districts, affecting how funds are allocated and phased out over three years when a district's certified tax rate changes due to property valuation. The bill also extends a hold-harmless period for certain reductions in a school district's certified tax rate. It specifies how excess funds are to be phased out and ensures that the state guarantee money does not exceed the amount received in the 2025 fiscal year. The bill takes effect on July 1, 2026.

Utah HB0300 amends school district taxation by adjusting state guarantee funding based on certified tax rate changes and property valuation.

Utah HB0300 modifies the state guarantee funding for school districts, affecting how funds are allocated and phased out over three years when a district's certified tax rate changes due to property valuation. The bill also extends a hold-harmless period for certain reductions in a school district's certified tax rate. It specifies how excess funds are to be phased out and ensures that the state guarantee money does not exceed the amount received in the 2025 fiscal year. The bill takes effect on July 1, 2026.