HB2920

THE CONTEXT: Current law provides that each property tax statement must separately state and identify by name each school district's primary tax rate and the secondary property tax rate associated with overrides, Class A bonds and Class B bonds. ( A.

WHAT THE BILL DID: The final vetoed version would require each property tax bill and statement, for any property located within a school district that receives state aid, to separately state, at minimum, the qualifying tax rate and the corresponding tax rate levied by the school district and prescribe the format for the qualifying tax rate and corresponding tax levied by the school district to be presented.

WHY IT MATTERED: The practical reason for this bill was to turn the Legislature's standard for qualifying tax rate into an enforceable rule. It would require each property tax bill and statement, for any property located within a school district that receives state aid, to separately state, at minimum, the qualifying tax rate and the corresponding tax rate levied by the school district, and would also prescribe the format for the qualifying tax rate and corresponding tax levied by the school district to be presented, rather than leave the current rule unchanged.