SF0069HW001

This amendment reduces the compensation to government entities for homeowner tax exemption revenue loss from 100% to 50%, and makes corresponding subsection lettering adjustments.

• Modifies the compensation mechanism in the homeowner tax exemption section to compensate each government entity for fifty percent (50%) of the reduction in tax revenues instead of the full amount, applies this 50% compensation rate to both the legislative appropriation distribution and the legislative stabilization reserve account distribution. (Page 2, after line 20)
• Renumbers subsection (C) to (D) to reflect the insertion of new compensation language. (Page 2, line 22)
• Renumbers subsection (D) to (E) to reflect the cascading subsection changes. (Page 3, line 2)

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