This amendment adds an appropriation of $500,000 to the Department of Revenue for implementing residential property tax assessment changes, expands the definition of residential property to include modular homes, mobile homes, and townhouses, and renumbers subsequent sections accordingly.
- Updates the bill's purpose statement to indicate that the legislation 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 and condominium units. (Page 3, line 14)
- Appropriates $500,000 from the general fund to the Department of Revenue for implementing the residential property tax assessment changes. The Department of Revenue may distribute funds to counties on a pro rata basis to update assessment and tax systems. The appropriation is effective from the bill's implementation date through June 30, 2028, and unexpended funds revert to the general fund on that date. (Page 5, after line 7)Agency: Department of Revenue · $500,000 General Fund
- Renumbers the effective date section from Section 3 to Section 4 to accommodate the new appropriation section. (Page 5, line 9)
- Renumbers the final section from Section 4 to Section 5 to accommodate the new appropriation section. (Page 5, line 12)
AI-generated summary · Verify against the amendment text (PDF) · Notice a problem? Let us know
