Public school funding; composite index of local ability-to-pay; calculation.

Public school funding; composite index of local ability-to-pay; calculation; exclusion of certain exempt property. Provides that on and after July 1, 2026, the calculation for the composite index of local ability-to-pay for each school division, after determining and weighting the true value of real property, adjusted gross income, and taxable retail sales in such school division, shall exclude the value of any real property within the school division that is exempt from real property tax due to…