HB0001H3034

This amendment adds a new section establishing a $72 million local government property tax grant program for counties, cities, towns, and special districts to offset residential property tax assessment reductions from 2025 legislation.

• Modifies the bill's purpose statement to include 'providing for supplemental payments to local governments and political subdivisions' (Page 1, lines 1-3)
• Creates Section 351 establishing a $72 million appropriation from the general fund to the Department of Revenue for local government property tax grants, with funds reverting no earlier than June 30, 2027 (Page 84-85, after line 15)Agency: Department of Revenue · $72,000,000 General Fund
• Restricts grant eligibility to counties with the eight lowest total assessed valuations that impose maximum statutory mill levies, and cities, towns, and special districts within those counties that impose maximum statutory mill levies (Page 85-86, subsection (c))
• Limits grant awards to 75% of demonstrated residential property tax assessment reductions attributable to 2025 legislation exempting or reducing residential property taxes, with pro rata distribution if funds are insufficient (Page 86-87, subsection (e))
• Makes the entire grant program contingent on enactment of at least one of ten specified 2025 bills that reduce residential property taxes and contains no other compensation provision for local governments (Page 87, subsection (g))

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