SB 1080
Allows school districts to exclude such district's operating levy from tax increment financing districts
LR Number:
Last Action:
5/1/2020 - Second Read and Referred S Ways and Means Committee
Journal Page:
Calendar Position:
Effective Date:
August 28, 2020

Current Bill Summary

SB 1080 - This act allows a school district to vote to exclude the school district's operating levy for school purposes from the definition of "levies upon taxable real property in such redevelopment project by taxing districts" for the purpose of funding tax increment financing districts. Before the school board may vote on such exclusion, the question shall be placed on the agenda at two consecutive meetings of the school board, and public comments on the matter shall be allowed at both meetings. The school board may then vote upon the matter. If at least a two-thirds majority of the school board votes in favor of removing the operating levy from the definition, the definition shall not include the district's operating levy for school purposes.

This act is substantially similar to SB 840 (2020), HB 1350 (2020), and to a provision contained in HCS/SCS/SB 616 (2020).



No Amendments Found.