Supplement: MO SB1479 | 2024 | Regular Session | Summary: Introduced
For additional supplements on Missouri SB1479 please see the Bill Drafting List
Bill Title: Creates a provision relating to the calculation of school districts' local effort figures
Status: 2024-03-07 - Second Read and Referred S Education and Workforce Development Committee [SB1479 Detail]
Download: Missouri-2024-SB1479-Summary_Introduced.html
Bill Title: Creates a provision relating to the calculation of school districts' local effort figures
Status: 2024-03-07 - Second Read and Referred S Education and Workforce Development Committee [SB1479 Detail]
Download: Missouri-2024-SB1479-Summary_Introduced.html
SB 1479 - Beginning August 28, 2024, this act requires the Department of Elementary and Secondary Education to recalculate the local effort figure of any school district that, in fiscal year 2005, recorded revenues from intangible taxes, the merchants' and manufacturers' surcharge, and payments in lieu of taxes other than tax increment financing in the district's teacher and incidental funds that caused an elevation of the district's local effort figure. The Department must calculate the amount of state aid such a district would have received had the district placed these revenues in the capital projects fund or the debt service fund for payments subsequent to August 28, 2024.
This act is identical to a provision in SS#2/SCS/SB 727 (2024) and to HB 2918 (2024), and is similar to SB 272 (2017) and HB 633 (2017).
OLIVIA SHANNON
