This amendment removes the appropriation requirement from the homeowner property tax exemption bill and eliminates provisions related to legislative stabilization reserve account distributions and sunset dates.
- Removes the phrase 'providing an appropriation;' from the bill's purpose statement. (Page 1, line 3)
- Changes the reference from 'and 39-13-102(k) are amended' to '39-11-105(a) is amended', removing the cross-reference to the administration statute. (Page 1, line 9)
- Deletes the entire provision requiring county treasurers to track and report revenue reductions to the department and the complex reimbursement mechanism involving legislative appropriations and legislative stabilization reserve account distributions. (Page 2, lines 20-23 and Page 3, entire page and Page 4, lines 1-9)
- Removes the sunset provision that would have terminated the homeowner exemption after tax year 2026. (Page 4, lines 14-23)
- Deletes the effective date provision. (Page 5, lines 1-2)
- Removes Section 2 regarding the applicability date and Section 3 containing the $125,000,000 general fund appropriation to the department of revenue. (Page 5, lines 7-21)
- Renumbers the final section from Section 4 to Section 3 due to deletion of prior sections. (Page 6, line 1)
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