Truth in Taxation.

Reduced the required notice period for taxpayers from 30 days to 14 days before a public hearing on tax increases.

Simplified the notice requirements by removing the mandate to consolidate notices for multiple taxing units into a single document.

Added specific procedures for governing bodies that initially adopt a tax rate within the limit but later seek to increase it due to revenue shortfalls.

Added an exemption stating that the bill's procedures do not apply when a court or state agency orders a change to a taxpayer's liability.

New mandatory procedures requiring public notice, specific taxpayer notifications, and a dedicated public hearing before a governing body can adopt a property tax rate higher than the revenue-neutral rate.

A requirement that governing bodies must refund any property taxes collected in excess of the revenue-neutral rate if they fail to follow the new notice and hearing procedures.

The late filing fee for reinstating an expired real estate appraiser trainee registration was increased from $10 to $12 per month.

The new property tax procedures apply to budget ordinances for fiscal years beginning on or after July 1, 2027, while the increased appraiser fee applies to reinstatements on or after July 1, 2026.

Removed draft-specific headers, amendment signatures, and versioning notes to finalize the document as an official act.

The late filing fee for reinstating an expired real estate appraiser trainee registration, license, or certificate increased from $10 per month to $12 per month.

The bill title was changed from 'Truth in Taxation' to 'Truth in Taxation Procedures'.

An amendment was added to insert the word 'real' between 'with' and 'property' on page 1, line 29 to clarify the specific type of property involved.