Imposing a 3% excise tax on all sports wagers, distributing the proceeds of such tax to the state school district finance fund and decreasing the statewide property tax levy for school districts by 1.5 mills.

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Plain-English Summary

This bill creates a 3% excise tax on all sports wagers placed in Kansas. The money collected from this tax will go to the public education fund, which will then be used for school district finance. Additionally, the bill decreases the statewide property tax levy for school districts by 1.5 mills.

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