A bill for an act relating to local and state government finances by modifying provisions relating to homestead property tax credits, providing a residential property tax rebate, modifying provisions relating to retirement systems, making appropriations, and including applicability provisions.

Summary

The measure revises the state’s homestead property‑tax credit program, adding a new credit for adult homeowners and clarifying credits for elderly, disabled, and low‑income residents. It also establishes a short‑term residential rebate fund funded from the taxpayer‑relief account for the 2026‑2028 fiscal years. The changes aim to provide broader tax relief while setting new funding and implementation guidelines.

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