Session of 1998
HOUSE BILL No. 2642
By Committee on Taxation
AN ACT enacting the property tax relief act of
1998; amending K.S.A.
10 79-201x and K.S.A.
1997 Supp. 72-6431 and repealing the existing
13 Be it enacted by the Legislature of the
State of Kansas:
14 Section 1. K.S.A. 1997 Supp.
72-6431 is hereby amended to read as
15 follows: 72-6431. (a) The board of each
district shall levy an ad valorem
16 tax upon the taxable tangible property of
the district in the school years
17 specified in subsection (b) for the purpose
18 (1) Financing that portion of
the district's general fund budget which
19 is not financed from any other source
provided by law;
20 (2) paying a portion of the
costs of operating and maintaining public
21 schools in partial fulfillment of the
constitutional obligation of the legis-
22 lature to finance the educational interests
of the state; and
23 (3) with respect to any
redevelopment district established prior to
24 July 1, 1997, pursuant to K.S.A. 12-1771,
and amendments thereto, pay-
25 ing a portion of the principal and interest
on bonds issued by cities under
26 authority of K.S.A. 12-1774, and amendments
thereto, for the financing
27 of redevelopment projects upon property
located within the district.
28 (b) The tax required under
subsection (a) shall be levied at a rate of
27 23 mills in the
1997-98 school year and in the 1998-99 school year
30 in the 1999-2000 school year.
31 (c) The proceeds from the tax
levied by a district under authority of
32 this section, except the proceeds of such
tax levied for the purpose of
33 paying a portion of the principal and
interest on bonds issued by cities
34 under authority of K.S.A. 12-1774, and
amendments thereto, for the fi-
35 nancing of redevelopment projects upon
property located within the dis-
36 trict, shall be deposited in the general
fund of the district.
37 (d) On June 1 of each year,
the amount, if any, by which a district's
38 local effort exceeds the amount of the
district's state financial aid, as
39 determined by the state board, shall be
remitted to the state treasurer.
40 Upon receipt of any such remittance, the
state treasurer shall deposit the
41 same in the state treasury to the credit of
the state school district finance
43 (e) No district shall proceed
under K.S.A. 79-1964, 79-1964a or 79-
1 1964b, and amendments to such
2 Sec. 2. K.S.A. 79-201x
is hereby amended to read as follows: 79-201x.
3 For taxable years
and 1998 and 1999, the following described
4 erty, to the extent herein specified,
shall be and is hereby exempt from
5 the property tax levied pursuant to
the provisions of K.S.A. 1997 Supp.
6 72-6431, and amendments thereto:
Property used for residential purposes
7 to the extent of $20,000 of its
8 Sec. 3. K.S.A. 79-201x
and K.S.A. 1997 Supp. 72-6431 are hereby
10 Sec. 4. This act shall take
effect and be in force from and after its
11 publication in the statute book.