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Committee delays remittance of excess statewide education property tax under HB 739 until FY27
Summary
The committee approved an amendment to HB 739 that defers the first remittance date for excess statewide education property tax (the "swept" amount) to March 15, 2027, and reported the bill OTPA.
The House Education Committee approved an amendment to HB 739 that restores a 2011-repealed provision requiring municipalities to remit excess statewide education property tax (often called the "swept" amount) to the Department of Revenue Administration, but the committee added an applicability date to avoid disrupting current local budgets.
Representative Spilsbury explained that department staff…
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