SB0518

School property taxes.

Latest bill text (Comm Sub) [PDF]

Summary

School property taxes. Provides that all school corporations that adopt a resolution for a property tax levy for a controlled project or a school safety referendum tax levy after May 10, 2025, must share revenue received from the levy with certain charter schools. Specifies, for purposes of making distributions to charter schools from a property tax levy for a controlled project, that only charter schools located within the attendance area of the school corporation shall receive a distribution of revenue from that levy. Provides that all school corporations must share revenue received from a debt service levy with certain charter schools. Provides that all school corporations that adopt a resolution for an operating referendum tax levy after May 10, 2025, must share revenue received from the levy with certain charter schools. Provides that all school corporations must share revenue from the school corporation's operations fund levy with certain charter schools. Excludes school corporations meeting specified criteria from the sharing of property tax revenue received under the bill's provisions. Provides a calculation for determining the amount of an annual grant from the charter and innovation network school grant program based on the amount of property tax revenue received by a charter school from school corporations. Makes conforming changes.

Authors

Authored by Senators Rogers, Raatz, Gaskill

Fiscal Outlook

Title Description Date View
Fiscal NoteFiscal Note #1: Senate Comm Sub2025-02-12 Click To View
Committee ReportSenate Committee Report2025-02-11 Click To View
Vote SheetVote Sheet February 11, 20252025-02-11 Click To View
Fiscal NoteFiscal Note #2: Introduced2025-01-20 Click To View
Fiscal NoteFiscal Note #1: Introduced2025-01-15 Click To View

History

Date Chamber Action
2025-02-11SenateCommittee report: amend do pass, adopted
2025-01-16SenateFirst reading: referred to Committee on Tax and Fiscal Policy
2025-01-16SenateAuthored by Senators Rogers, Raatz, Gaskill