relative to requiring excess revenues raised through the statewide education property tax to be remitted to the education trust fund and prohibiting the department of revenue administration from setting negative local and county tax rates on real property.

This bill would require municipalities to send any excess money collected from the statewide education property tax to the state's education trust fund instead of keeping it locally. It also prohibits the state revenue commissioner from setting negative tax rates on real property to offset other taxes. These changes aim to ensure that surplus education funds are directed toward the state education trust while preventing specific tax rate adjustments. Although the bill was introduced, it was laid on the table and did not become law during the 2024 legislative session.