Revision: March 5, 2025, 1:40 p.m.
Rep. Spilsbury, Sull. 3
March 3, 2025
2025-0680h
07/08
Amendment to HB 739-FN
Amend the title of the bill by replacing it with the following:
AN ACT relative to excess funds paid to municipalities for use in school districts.
Amend the bill by inserting after section 4 the following and renumbering the original section 5 to read as 6:
5 Applicability. The first excess SWEPT payment shall be remitted on or by March 15, 2027.
2025-0680h
AMENDED ANALYSIS
This bill requires municipalities to remit any excess statewide education property tax to the state for deposit in the education trust fund.