SB 0563 School Tax on Certain Railroad Property Distributed Locally
LR Number:S1820.01I Fiscal Note:1820-01
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 563 - Under current law, school tax revenues from state assessed railroad and utility property these taxes 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 formul, leaving the distribution of railroad taxes at the county level for all future years.

This act is identical to SB 542.