Providing a protest petition to contest certain increases in property tax revenues and continuing reimbursements from the taxpayer notification costs fund for an additional five years.
What changed between versions
Removed all provisions related to insurance, including definitions of unfair acts, requirements for agents to respond to inquiries within 14 days, and rules regarding false advertising in the insurance industry.
Changed the subject matter from insurance law to property taxation law, affecting different government entities and citizens entirely.
Added requirements for local governments to notify county clerks before adopting budgets that exceed standard property tax limits, with a specific deadline of July 20.
Created a new legal mechanism for citizens to file protest petitions against proposed property tax revenue increases that exceed statutory limits.
Defined specific allowable increases for property tax revenues, including a 3% cap or consumer price index adjustment, new construction taxes, and taxes on property use changes.