The Senate Committee on Assessment and Taxation on Thursday advanced a bill to the full Senate that would effectively end Kansas’ tax lid law but substitute another in its place.
Senate Bill 294, which would take effect Jan. 1, 2021, if passed, advanced from the taxation committee after an hour-long hearing Thursday that involved a number of other bills. …
SB294 is considered a transparency bill but it essentially forces cities and counties and certain other taxing entities to keep budgets even from year to year. Going above a revenue neutral rate, a term added to the bill on Thursday, would require notification of affected property owners and a public hearing. Failure to follow the procedures in the bill, if it becomes law, means the county or city would have to refund to property owners the taxes collected over the revenue neutral rate.
(Read more: Parsons Sun)