This amendment deletes two prior amendments and adds a new Section 351 creating an $8 million local government property tax grant program, while making related adjustments to other sections of the bill.
- Deletes the second Bear third reading amendment (HB0001H3034/A) and the Bear et al. third reading amendment (HB0001H3035/A) in their entirety. (Page 1, lines 1-4)
- Adds language to the bill's purpose statement to include 'providing for supplemental payments to local governments and political subdivisions.' (Page 1, lines 6-8)
- Creates new Section 351 establishing a local government property tax grants program. The Department of Revenue receives $8,000,000 from the general fund to distribute grants to qualifying counties, cities, towns, and special districts in the eight counties with the lowest assessed valuations, limited to those imposing maximum statutory mill levies. Grants restore up to 50% of demonstrated residential property tax assessment reductions from 2025 and 2026 legislation, with funds not reverting until June 30, 2027. The program is conditional on enactment of at least one of nine specified bills. (Page 84-85, after line 15; new text inserted pages 1-3 of inserted material)Agency: Department of Revenue · $8,000,000 General Fund
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