Providing local governments tax resources and fund flexibility.
What changed between versions
Added new sections establishing specific property tax levies for veterans' assistance and developmental disabilities/mental health services, including their rate limits and funding purposes.
Updated the list of protected tax levies in the property tax code to include veterans' assistance, developmental disabilities, and mental health services, ensuring these funds are not reduced during budget cuts.
Added new requirements for fire protection districts formed after July 1, 2026, including specific rules for city/town levy reductions and independent board governance.
Added new definitions for 'inflation' and 'limit factor' to standardize how tax levy limits are calculated for specific districts.
Renumbered effective date and expiration sections from 901-906 to 1101-1106 to accommodate the new content added to the bill.