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Total Program Mill Levy Tax Credit

Concerning reductions in the property tax credits that apply to school districts' total program mill levies for purposes of funding the "Public School Finance Act of 1994".
2021 Regular Session
Education & School Finance (Pre & K-12)
Bill Summary

For the 2020 property tax year, the existing statute corrects the total program mill levies for school districts that are not subject to constitutional property tax revenue restrictions but whose mill levies were erroneously reduced. Each school district that levies a higher number of mills as a result of the correction must grant a tax credit for the number of mills by which the levy is increased.

The act requires the department of education to adopt a correction schedule to begin phasing out the tax credits in the 2021 property tax year. The correction schedule must apply consistently to each affected school district; must require each district's tax credit to phase out as quickly as possible, but by no more than one mill per year; and must ensure that the tax credits are fully phased out in 19 years.

The act specifies that, until the general assembly determines that stabilizing the state budget no longer requires a reduction in the appropriation for the state share of total program, the general assembly shall annually ensure that the savings to the state share that occurs as a result of the decrease in the temporary property tax credits is appropriated to fund a portion of the state share of total program.

(Note: This summary applies to this bill as enacted.)


Became Law


Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    06/11/2021 Signed Act PDF
    06/08/2021 Final Act PDF
    05/24/2021 Rerevised PDF
    03/19/2021 Revised PDF
    03/16/2021 Reengrossed PDF
    03/12/2021 Engrossed PDF
    03/04/2021 Introduced PDF

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