Session of 2023
SENATE BILL No. 196
By Senator Pittman
2-7
1AN ACT concerning taxation; relating to the local ad valorem tax
2reduction fund; reinstating transfers to the local ad valorem tax
3reduction fund (LAVTRF); amending K.S.A. 2022 Supp. 79-2959 and
4repealing the existing section.
5
6Be it enacted by the Legislature of the State of Kansas:
7Section 1. K.S.A. 2022 Supp. 79-2959 is hereby amended to read as
8follows: 79-2959. (a) There is hereby created the local ad valorem tax
9reduction fund. All moneys transferred or credited to such fund under the
10provisions of this act or any other law shall be apportioned and distributed
11in the manner provided herein.
12(b) On January 15 and on July 15 of each year, the director of
13accounts and reports shall make transfers in equal amounts that in the
14aggregate equal 3.63% of the total retail sales and compensating taxes
15credited to the state general fund pursuant to articles 36 and 37 of chapter
1679 of the Kansas Statutes Annotated, and amendments thereto, during the
17preceding calendar year from the state general fund to the local ad valorem
18tax reduction fund, except that: (1) no moneys shall be transferred from the
19state general fund to the local ad valorem tax reduction fund during state
20fiscal years 2022, year 2023 and 2024; and (2) the amount of the transfer
21on each such date shall be $27,000,000 during fiscal year 2025 and all
22fiscal years thereafter. All such transfers are subject to reduction under
23K.S.A. 75-6704, and amendments thereto. All transfers made in
24accordance with the provisions of this section shall be considered to be
25revenue transfers from the state general fund.
26(c) The state treasurer shall apportion and pay the amounts transferred
27under subsection (b) to the several county treasurers on January 15 and on
28July 15 in each year as follows: (1) 65% of the amount to be distributed
29shall be apportioned on the basis of the population figures of the counties
30certified to the secretary of state pursuant to K.S.A. 11-201, and
31amendments thereto, on July 1 of the preceding year; and (2) 35% of such
32amount shall be apportioned on the basis of the equalized assessed tangible
33valuations on the tax rolls of the counties on November 1 of the preceding
34year as certified by the director of property valuation.
35Sec. 2. K.S.A. 2022 Supp. 79-2959 is hereby repealed.
36Sec. 3. This act shall take effect and be in force from and after its
1publication in the statute book.