2015 House Bill 4021

Authorize 5-mill "sinking fund" property tax for school buses

Introduced in the House

Jan. 15, 2015

Introduced by Rep. Robert Kosowski (D-16)

To allow school districts to use a “sinking fund” property tax to buy school buses. Under current law, schools may levy up to 5 mills for 20 years for a “sinking fund,” which is a permanent fund that may only be used only for land purchases and the construction or (major) repair of school buildings.

Referred to the Committee on Tax Policy