This amendment adds supplemental payments to political subdivisions through a new special district property tax grants program funded with $15 million from the general fund.
- Modifies the bill's purpose statement to include 'providing for supplemental payments to political subdivisions as specified'. (Page 1, lines 1-3)
- Creates a new Section 351 establishing a special district property tax grants program that appropriates $15,000,000 from the general fund to the department of revenue for payments to special districts (senior citizen service districts, county hospitals, fire districts, rural health care districts, and similar entities) to compensate for revenue reductions caused by 2025 legislation exempting or reducing residential property tax assessments. The program requires counties to apply on behalf of special districts and distributes funds based on demonstrated property tax assessment reductions, with grants limited to the actual reduction amount and distributed pro rata if funds are insufficient. The section is effective only if at least one of ten specified 2025 bills is enacted and that bill contains no provision compensating local governments for residential property tax reductions. (Page 84, after line 15; new Section 351)Agency: Department of Revenue · $15,000,000 General Fund
AI-generated summary · Verify against the amendment text (PDF) · Notice a problem? Let us know
