2017 House Bill 4046

Authorize 3-mill "sinking fund" property tax for school buses

Introduced in the House

Jan. 18, 2017

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 3 mills for 10 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, or to pay for school security measures and "technology" upgrades.

Referred to the Committee on Tax Policy