Kansas 2023-2024 Regular Session

Kansas House Bill HB2366 Compare Versions

Only one version of the bill is available at this time.

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1	1	Session of 2023
2	2	HOUSE BILL No. 2366
3	3	By Representatives V. Miller, Alcala, Amyx, Boyd, Carlin, Carmichael, Carr,
4	4	Curtis, Featherston, Haskins, Haswood, Highberger, Hougland, Hoye, Martinez,
5	5	Melton, Meyer, D. Miller, S. Miller, Neighbor, Oropeza, Osman, Poskin, Probst, S.
6	6	Ruiz, Sawyer, Sawyer Clayton, Schlingensiepen, Stogsdill, Weigel, Woodard and
7	7	Xu
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9	9	AN ACT concerning taxation; relating to the local ad valorem tax
10	10	reduction fund; providing for transfers to political subdivisions;
11	11	amending K.S.A. 2022 Supp. 79-2959 and repealing the existing
12	12	section.
13	13	Be it enacted by the Legislature of the State of Kansas:
14	14	Section 1. K.S.A. 2022 Supp. 79-2959 is hereby amended to read as
15	15	follows: 79-2959. (a) There is hereby created the local ad valorem tax
16	16	reduction fund. All moneys transferred or credited to such fund under the
17	17	provisions of this act or any other law shall be apportioned and distributed
18	18	in the manner provided herein.
19	19	(b) On January 15 and on July 15 of each year, the director of
20	20	accounts and reports shall make transfers in equal amounts that in the
21	21	aggregate equal 3.63% of the total retail sales and compensating taxes
22	22	credited to the state general fund pursuant to articles 36 and 37 of chapter
23	23	79 of the Kansas Statutes Annotated, and amendments thereto, during the
24	24	preceding calendar year from the state general fund to the local ad valorem
25	25	tax reduction fund, except that: (1) No moneys shall be transferred from
26	26	the state general fund to the local ad valorem tax reduction fund during
27	27	state fiscal years 2022, 2023 and 2024 The amount of the transfer on each
28	28	date shall be $54,000,000 during fiscal years 2024, 2025, 2026 and 2027;
29	29	and (2) the amount of the transfer on each such date shall be $27,000,000
30	30	during fiscal year 2025 2028 and all fiscal years thereafter. All such
31	31	transfers are subject to reduction under K.S.A. 75-6704, and amendments
32	32	thereto. All transfers made in accordance with the provisions of this
33	33	section shall be considered to be revenue transfers from the state general
34	34	fund.
35	35	(c) The state treasurer shall apportion and pay the amounts transferred
36	36	under subsection (b) to the several county treasurers on January 15 and on
37	37	July 15 in each year as follows: (1) 65% of the amount to be distributed
38	38	shall be apportioned on the basis of the population figures of the counties
39	39	certified to the secretary of state pursuant to K.S.A. 11-201, and
40	40	amendments thereto, on July 1 of the preceding year; and (2) 35% of such
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73	73	33 HB 2366 2
74	74	amount shall be apportioned on the basis of the equalized assessed tangible
75	75	valuations on the tax rolls of the counties on November 1 of the preceding
76	76	year as certified by the director of property valuation.
77	77	Sec. 2. K.S.A. 2022 Supp. 79-2959 is hereby repealed.
78	78	Sec. 3. This act shall take effect and be in force from and after its
79	79	publication in the statute book.
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