deposit certain tax revenues into a homeowner tax reduction fund.

Summary

The bill establishes a Homeowner Tax Reduction Fund in the state treasury and directs the treasurer to deposit each year the larger of $100 million or a calculated percentage of taxes collected under specific chapters. The fund, administered by the Department of Revenue, would be used to provide rebates to owners of single‑family, owner‑occupied dwellings. It cannot be transferred to the general fund and must be budgeted through the regular appropriations process.

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