SB 518: School property taxes.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Provides that all school corporations that adopt a resolution for a property tax levy for a controlled project or a school safety referendum tax levy after May 10, 2025, must share revenue received from the levy with certain charter schools. Specifies, for purposes of making distributions to charter schools from a property tax levy for a controlled project, that only charter schools located within the attendance area of the school corporation shall receive a distribution of revenue from that levy and requires such a charter school to establish a separate account to deposit the revenue. Requires all school corporations to share revenue received from a debt service levy with certain charter schools. Requires all school corporations that adopt a resolution for an operating referendum tax levy after May 10, 2025, to share revenue received from the levy with certain charter schools. Requires, beginning with distributions in 2028, that all school corporations begin sharing revenue from the school corporation's operations fund levy with certain charter schools. Provides for the phasing in of the sharing of revenue with certain charter schools from the school corporation's operations fund levy. Excludes school corporations meeting specified criteria from the sharing of property tax revenue received under the bill's provisions. Provides a calculation for determining the amount of an annual grant from the charter and innovation network school grant program based on the amount of property tax revenue received by a charter school from school corporations. Provides for the appointment of additional board members to the governing board of a charter school that receives property tax revenue. Sets forth additional procedures related to the closure of a charter school. Makes conforming changes.

Sponsors

Sponsors by party (alphabetical): Republican 7

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. March 3, 2025First reading: referred to Committee on Ways and Means
2. February 21, 2025Referred to the House
3. February 20, 2025Cosponsors: Representatives Behning, Teshka, Ireland
4. February 20, 2025House sponsor: Representative Thompson
5. February 20, 2025Third reading: passed; Roll Call 210: yeas 28, nays 21
6. February 19, 2025Amendment #21 (Hunley) failed; voice vote
7. February 19, 2025Amendment #18 (Hunley) failed; voice vote
8. February 19, 2025Second reading: amended, ordered engrossed
9. February 19, 2025Amendment #20 (Hunley) failed; Roll Call 170: yeas 9, nays 40
10. February 19, 2025Amendment #22 (Hunley) failed; Roll Call 171: yeas 10, nays 39
11. February 19, 2025Amendment #14 (Qaddoura) failed; Roll Call 168: yeas 11, nays 38
12. February 19, 2025Amendment #15 (Qaddoura) failed; Roll Call 169: yeas 9, nays 40

Showing 12 most recent of 28 actions. Full history