Rename the School District Property Tax Relief Act as the Live Here Thrive Here Act and the School District Property Tax Relief Credit Fund as the Live Here Thrive Here Credit Fund and change the distribution of property tax credits under the act

Summary

The bill changes the name of the School District Property Tax Relief Act to the Live Here Thrive Here Act and its credit fund to the Live Here Thrive Here Credit Fund. It establishes yearly minimum credit amounts, limits credits to resident‑individual owners, and revises the formula used by counties to allocate credits. It also updates the Tax Commissioner’s reporting duties and repeals the old statutes.

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