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House approves redirecting certain non-levy education revenue into school-equalization account
Summary
House Bill 18 passed second reading unanimously to deposit specified non-levy education revenues, including collections from bentonite mine penalties, into the school equalization and property tax reduction (SCEPTER) account, leaving overall state revenue effects neutral per the fiscal note.
House Bill 18 passed second reading unanimously after sponsors described the measure as a cleanup and redirect of certain non-levy revenues into the school equalization and property tax reduction account (referred to in debate as the "scepter" account), a mechanism set up last session to target funds for the school equalization formula or county-level property tax relief when…
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