Modifies provisions relating to the classification of certain residential real property used for short-term rentals
What changed between versions
New mandatory training hours and certification requirements were added for property assessors, including a specific 40-hour training mandate for newly elected officials.
New restrictions were added preventing political subdivisions from advertising proposed tax measures as 'not increasing taxes' unless specific conditions regarding tax rate changes are met.
New rules were added requiring election authorities to label ballot measures numerically or alphabetically rather than using descriptive text.
The definition of 'residential property' was modified to include single-family homes leased for less than thirty days, while simultaneously removing a clause that previously excluded properties owned by corporations.
The bill now repeals and replaces nineteen separate tax statutes instead of just one, covering a much wider range of tax administration and revenue issues.