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.

This Kansas bill imposes a 3% excise tax on all sports wagers placed within the state, requiring individuals who make bets to pay the tax to lottery gaming facility managers, who then remit the funds to the state revenue department. The collected tax revenue is directed to the state school district finance fund, which is used to provide state foundation aid to school districts, while also reducing the statewide property tax levy for school districts by 1.5 mills. The legislation establishes new funds to manage the tax proceeds and refunds, and grants the director of taxation authority to enforce compliance and collect information from gaming facilities. This measure directly affects sports bettors, lottery gaming operators, school districts, and state education funding structures.