Introduced by Rep. Robert Kosowski (D) on January 18, 2017
To allow school districts to use a “sinking fund” property tax to buy school buses. Under current law, schools may levy up to 3 mills for 10 years for a “sinking fund,” which is a permanent fund that may only be used only for land purchases and the construction or (major) repair of school buildings, or to pay for school security measures and "technology" upgrades. Official Text and Analysis.
Referred to the House Tax Policy Committee on January 18, 2017