Providing funding for STAR bond districts to replace lost food sales tax revenue.

Summary

The bill would have the Kansas Department of Revenue estimate how much food sales tax would have been collected at a 6.5% rate for each STAR bond district created before Dec. 31, 2022, and move that amount from the general fund into a new STAR‑bonds food‑sales‑tax replacement fund. The money would then be paid to the city or county that issued the STAR bonds to make up for the shortfall. It also updates several definitions in the STAR‑bond financing act, including the way “tax increment” is calculated.

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