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Committee hears bill to route non‑levy natural‑resource revenue into school equalization account
Summary
Rep. Mark Thane said House Bill 18 cleans up dated statutory language and redirects certain non‑levy revenue into the School Equalization and Property Tax Reduction Account to fund K‑12 equalization or county property tax relief; proponents said the bill clarifies flows without raising taxes.
Representative Mark Thane, sponsor of House Bill 18, told the House Taxation Committee the bill is primarily a statutory cleanup that clarifies where certain non‑levy revenues are deposited. "This bill does not change the distribution," Thane said, but it changes references so that some revenue that had been directed to the state general fund is instead deposited into the school equalization and property tax reduction…
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