Category: Economy, Budget and Taxes, Education
HB 686 (2019)
House/Senate Bill: House
Description: Extends the interest and dividends tax to capital gains and increases the exemptions and filing thresholds for the interest and dividends tax. This bill then increases the base per-pupil state funding from $3,561.27 to $4,500.˙The bill eliminates extra aid for third grade students scoring below proficient in reading on statewide standardized tests. Lastly, the bill increases some stabilization grants for schools. The House amended the bill to only increase the base per-pupil state funding to $4,000. The House amendment also provides for a decrease in statewide property taxes.
Bill Sponsor: Richard Ames
Bill Co Sponsor: Click the "Link to Full Bill" for information
Next Hearing Date: Tue, 01/29/2019
Next Voting Date: Thu, 02/28/2019