Utah SB0065 amends tax rates and funding mechanisms for school districts, ensuring state funding covers the total cost of the basic school program.

Utah SB0065 amends the tax rates and funding mechanisms for school districts, ensuring state funding covers the total cost of the basic school program. The bill requires school districts that impose the minimum basic tax rate to remit the revenue generated to the state. It creates a special revenue fund for the revenue from the minimum basic tax. The bill also requires a specific statement on the property tax notice and repeals certain provisions related to school district contributions. The changes take effect May 6, 2026, with some provisions effective July 1, 2026.

Utah SB0065 amends tax rates and funding mechanisms for school districts, ensuring state funding covers the total cost of the basic school program.

Utah SB0065 amends the tax rates and funding mechanisms for school districts, ensuring state funding covers the total cost of the basic school program. The bill requires school districts that impose the minimum basic tax rate to remit the revenue generated to the state. It creates a special revenue fund for the revenue from the minimum basic tax. The bill also requires a specific statement on the property tax notice and repeals certain provisions related to school district contributions. The changes take effect May 6, 2026, with some provisions effective July 1, 2026.