SF0110S2001

This amendment adds an appropriation to implement the residential property tax revisions and expands the definition of residential property to include modular homes, mobile homes, and townhouses.

• Adds language to the bill's title indicating that the act provides an appropriation. (Page 1, line 7)
• Expands the definition of residential real property to include modular homes, mobile homes, and townhouses in addition to single-family homes. (Page 3, line 14)
• Appropriates $500,000 from the general fund to the Department of Revenue to implement the act, with authority to distribute funds to counties on a pro rata basis for updating assessment and tax systems. The appropriation is available through June 30, 2028, and any unexpended funds revert to the general fund. (Page 5, after line 7)Agency: Department of Revenue · $500,000.00 General Fund
• Renumbers subsequent sections of the bill from Section 3 to Section 4 and from Section 4 to Section 5 to accommodate the new appropriation section. (Page 5, lines 9 and 12)

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