SF0069H3020

This amendment deletes several prior amendments, adds a grant program for revenue restoration in counties with low assessed valuations, and revises the appropriation structure to target funds to specific qualifying counties.

• Deletes five previously adopted amendments (SF0069H2004.02/ACE, SF0069H3011/AE, SF0069H3014/AE, SF0069H3015/AE, and SF0069H3017/AE) that modified the homeowner property tax exemption bill. (Page 1, lines 1-6)
• Revises the bill title to indicate it provides an appropriation and creates a grant program. (Page 1, lines 8-9)
• Replaces the original appropriation and distribution mechanism with a new grant program administered by the Department of Revenue that targets funds to qualifying counties based on assessed valuation and mill levy requirements, rather than providing general reimbursement to all government entities statewide. (Page 3, after line 5)
• Establishes a $72,000,000 appropriation from the general fund to the Department of Revenue for distribution to qualifying counties through the grant program, with unexpended funds allowed to remain until June 30, 2027. (Page 3, after line 5, subsection (a))Agency: Department of Revenue · $72,000,000 General Fund
• Limits grant eligibility to counties, cities, towns, and special districts that have the eight lowest total assessed valuations statewide and that impose maximum statutory mill levies, excluding school districts entirely from grant funding. (Page 3, after line 5, subsection (c))
• Caps grants at 75% of demonstrated reduction in residential property tax assessments from 2025 and 2026 legislation, distributing funds on a pro rata basis if appropriated funds are insufficient. (Page 3, after line 5, subsection (e))
• Renumbers subsequent sections from Section 2 to Section 3, and Section 3 to Section 4, to account for the new grant program section. (Page 3, lines 1-3)

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