This amendment limits the homeowner property tax exemption to counties with assessed valuations under $850 million, reduces the maximum appropriation from the legislative stabilization reserve account from $100 million to $50 million, and makes conforming language changes throughout the bill.
- Deletes the first McKeown committee amendment (SF0069SW001/A) in its entirety. (Lines 1-2)
- Limits the exemption to apply only in counties with a total assessed valuation of not more than $850,000,000. (Page 2, lines 4-7)
- Adds language specifying that governmental entities must be within the eligible county in multiple locations throughout the bill. (Page 3, lines 1, 9-10, 16-17, 21-25; Page 4, lines 7-8, 32-36)
- Adds the word 'eligible' before references to 'each' county and governmental entity to clarify the county limitation applies throughout the exemption provisions. (Page 3, lines 4, 8, 12, 20; Page 4, lines 20, 23; Page 5, line 10)
- Reduces the maximum appropriation from the legislative stabilization reserve account from $100,000,000 to $50,000,000. (Page 4, lines 4-5)
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