KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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SB394 • 2025

Provides that, for 10 years, revenues from the corporate activity tax are transferred to the Public Employees Retirement Fund for payment of the unfunded actuarial liability of the Public Employees Retirement System, instead of to the Fund for Student Success.

Provides that, for 10 years, revenues from the corporate activity tax are transferred to the Public Employees Retirement Fund for payment of the unfunded actuarial liability of the Public Employees Retirement System, instead of to the Fund for Student Success.

Education Labor Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Senator Girod
Last action
2025-06-27
Official status
In Senate Committee
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2025-06-27 Senate

    In committee upon adjournment.

  2. 2025-01-17 Senate

    Referred to Finance and Revenue.

  3. 2025-01-13 Senate

    Introduction and first reading. Referred to President's desk.

Official Summary Text

Digest: The Act says that moneys from the CAT tax go to PERS to pay down the UAL, instead of to the Fund for Student Success, for 10 years. (Flesch Readability Score: 78.7).
Provides that, for 10 years, revenues from the corporate activity tax are transferred to the Public Employees Retirement Fund for payment of the unfunded actuarial liability of the Public Employees Retirement System, instead of to the Fund for Student Success.
Relating to: Relating to corporate activity tax revenues.
Current location: In Senate Committee