Fiscal Note

HB0463 - Divided School District Property Tax Amendments

State Impact:
Enactment of this bill will not require additional appropriations.

Individual, Business and/or Local Impact:
Enactment of this bill may result in a potential increase in local revenue up to $45,814,000 if certain districts opt to raise the Voted Leeway tax rate up to the allowable 0.004 for six years. Qualifying school districts that elect to impose this tax levy may be subject to statutory Truth in Taxation provisions.