This bill creates a new state fund dedicated to reducing property taxes on owner-occupied homes by lowering the education levy portion of property tax bills. Starting August 1, 2027, a small percentage of revenue from several state taxes will be deposited into this fund instead of going to the general fund, and the money will be used specifically for homeowner property tax relief. The Department of Revenue will manage the fund, which cannot be transferred to the general fund and must be appropriated through the state budget.
This bill does not directly amend codified state law.
The bill was gutted and completely rewritten: instead of a vague directive for the Legislature to "promote future success and development," it now creates a specific homeowner property tax reduction fund administered by the Department of Revenue, funded by a one-time transfer of $55,896,576 and ongoing deposits from sales and excise taxes starting in 2027, with revenues designated to reduce property tax levies on owner-occupied homes. This shifts the bill from aspirational language to concrete property tax relief policy.
The changes here are primarily formatting and procedural: the bill moved from the House engrossed version to the enrolled (final passed) version, with a note removed indicating the bill had been extensively amended ("hoghoused"), and standard legislative signatures and certification pages added. The substantive content of the homeowner property tax reduction fund—its creation, administration, funding mechanism, and the $55,896,576 transfer—remained unchanged.
Other amendments
Signed by the Governor S.J. 548
Delivered to the Governor S.J. 541
Signed by the Speaker H.J. 570
Signed by the President S.J. 528
Senate Concurred in amendments Passed, YEAS 20, NAYS 13. S.J. 521
House of Representatives Do Pass Amended Passed, YEAS 42, NAYS 27. H.J. 539
State Affairs Do Pass Amended Passed, YEAS 11, NAYS 2.
State Affairs Motion to amend
State Affairs Scheduled for hearing H.J. 1
State Affairs Motion to amend
State Affairs Scheduled for hearing
First read in House and referred to House State Affairs H.J. 445
Senate Do Pass Passed, YEAS 32, NAYS 1. S.J. 387
State Affairs Certified uncontested, placed on consent S.J. 31
State Affairs Do Pass Passed, YEAS 9, NAYS 0. S.J. 31
State Affairs Scheduled for hearing S.J. 1
State Affairs Scheduled for hearing S.J. 1
First read in Senate and referred to Senate State Affairs S.J. 198
Concurred in amendments
Do Pass Amended
State Affairs — Do Pass Amended
Do Pass
State Affairs — Do Pass