Establishes a real property tax freeze credit

This bill creates a new tax credit for homeowners living in specific eligible school districts that adopt budgets meeting strict spending limits. To qualify, a taxpayer must reside in a district with a "freeze-compliant" budget for the fiscal years 2027, 2028, or 2029, which generally means the budget does not exceed a set growth rate. The credit is calculated to offset the portion of property taxes that would normally increase due to approved budget growth, effectively capping the tax hike for qualifying residents. The legislation applies to various local taxing jurisdictions, including counties, towns, and special districts, while excluding large cities with populations of one million or more.