SB1080- TPT; use tax; education
(Allen) This bill
eliminates the 0.6% TPT rate (Proposition 301) currently set to be collected
from June 30, 2021 to June 30, 2041 and replaces it with a new TPT rate of 1%
to raise revenue for education. Revenue from
the TPT would be distributed as follows: o
73%
is to be paid monthly to the classroom site fund; o
22%
is to be paid to the Arizona Board of Regents, who will distribute the funds
proportionally to each University based on number of in-state students, to
decrease tuition costs o
The
remaining 5% is appropriated as follows: § $1,500,000 to each community college
district for trade and workforce development programs (does not apply to
tuition financing districts); § $1,500,000 to qualifying Indian
tribes that own, operate, or charter a community college on its Indian
reservation for trade and workforce development programs; § $1,000,000 in FY22 and $500,000 in
each year following to each provisional community college district and
community college financing district for trade and workforce development
programs. § Any remaining money shall be
distributed proportionally to all of the above based on full-time student
count. Prescribes
that, in addition to state general fund appropriations, the classroom site fund
can now be appropriated for state aid to schools. States that the ADE will use $86,280,500 of the classroom site fund annually to fund basic state aid for schools. Eliminates
the specification for schools to follow pre-determined allocations of the
classroom site fund of performance and employment related expenses, teacher
base salary increases, and maintenance and operation purposes and allows the
schools to decide. Eliminates
the specification that only teacher compensation increases from the classroom
site fund that are raises in base salary or performance based will be
considered supplemental compensation. Makes the
following changes to how money from the classroom site fund can be used: = Eliminates: o
class
size reduction o
assessment
intervention programs o
teacher
liability insurance premiums = Adds: o
educational
interventions o
voluntary
full-day kindergarten o
5
additional school days o
student
support services o
tutoring o
character
education o
school
resource officers. |