TAX/AD VALOREM: Provides relative to the assessment, payment, and allocation of ad valorem taxes. (See Act) (EN SEE FISC NOTE LF RV See Note)

SB 505 is a technical amendment bill that makes minor grammatical corrections to an existing law regarding property tax assessment and payment. The legislation does not introduce new policies or change tax rules but instead updates specific words in the current text, such as changing "said" to "the" and "roll" to "rolls." These small edits are intended to improve the clarity and consistency of the legal language without altering the underlying tax procedures. The bill directly affects the statutory code related to ad valorem taxes but does not impose new requirements on taxpayers or government agencies.