Property Tax Elimination and Replacement Study Committee; create.

SB 2884 creates a 12-member study committee to examine eliminating ad valorem (property) taxes on real estate and finding replacement revenue sources. The committee must review how property taxes fund local governments (counties, cities, schools), assess cost savings from ending tax collection, evaluate impacts on state funding, and explore alternative revenue methods. It is required to submit final recommendations to the legislature by December 1, 2026, with the committee dissolving by January 1, 2027. This bill directly affects local governments that rely on property tax revenue and aims to inform potential legislative changes to the tax system.