Onetime property tax refund or credit provided, and money appropriated.

Summary

The bill creates a one‑time program that refunds a portion of 2026 property taxes to owners of certain residential, agricultural, vacant‑land and forest properties, using $4 billion appropriated from the general fund. Taxpayers must apply by September 15 2026; any unclaimed refunds are automatically applied as a credit toward the property’s 2027 taxes. The goal is to give temporary tax relief to eligible property owners.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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