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Committee advances House Bill 18 to move non-levy education revenues into SCEPTA; passes unanimously
Summary
House Bill 18 would redirect certain non-levy revenues currently routed to the general fund — including bentonite mine tax interest and penalties and Taylor Grazing Act fees — into the School Equalization and Property Tax Reduction account (SCEPTA). Committee voted to give the bill a do-pass recommendation unanimously.
Representative Thain, sponsor of House Bill 18, summarized the bill and its fiscal effect to the committee. "What this bill contemplates is taking the non levy revenue, which is already dedicated to education, that currently flows to the general fund, and also move it to the Scepter account," Thain said. He told members the major revenue sources covered by the bill are proceeds from tax interest and penalties associated with bentonite mines and other non-levy receipts such as Taylor Grazing Act fees.
Thain and fiscal staff said the change redirects those dedicated education…
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