Amendment 2025-0680h to HB739 (2025)

(New Title) relative to excess funds paid to municipalities for use in school districts.


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.