SB 0542 School Tax On Certain Railroad Property Distributed Locally
Sponsor:KLARICH
LR Number:S2059.01I Fiscal Note:2059-01
Committee:Education
Last Action:01/30/96 - Bill Combined w/SCS SBs 795, 542 & 563
Title:SCS/SBs 795, 542 & 563
Effective Date:August 28, 1996
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Current Bill Summary

SB 542 - Under current law, school tax revenues from state assessed railroad and utility property are collected and redistributed at the county level until the 1996-97 school year, when these revenues will be distributed through the state school aid formula. This act would remove the provision calling for redistribution through the state school aid formula, leaving the distribution of railroad taxes at the county level for all future years.

This act is identical to SB 563.
OTTO FAJEN