This amendment deletes three prior amendments and adds a new section providing $5 million in grants to local governments to offset residential property tax assessment reductions.
- Deletes three prior third reading amendments (HB0001H3034/A, HB0001H3035/A, and HB0001H3036/A) entirely. (Page 1, lines 1-4)
- Updates the bill's purpose statement to include language about supplemental payments to local governments and political subdivisions. (Page 1, lines 7-9)
- Adds new Section 351 creating a local government property tax grants program that appropriates $5,000,000 from the general fund to the Department of Revenue for grants to qualifying counties, cities, towns, and special districts within the 8 counties with the lowest assessed valuations that also impose maximum statutory mill levies. Grants compensate up to 25% of residential property tax assessment reductions from legislation enacted in the 2025 general session. Program requires department to administer grant distribution and is effective only if at least one of ten specified bills is enacted into law. (Page 84, lines 11-14 (inserting new pages 1-3 of amendment text))Agency: Department of Revenue · $5,000,000 General Fund
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