Environmental & Healthcare Legislative Watch50 States · D.C. · U.S. Congress
From official state and federal legislative records. Informational only, not legal advice.
With a committee
A small team of lawmakers (a committee) is reading it closely and deciding if it's a good idea.
Next: the committee votes on whether it moves to the full chamber.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the amount of the general homestead exemption is the sum of: (i) $10,000 in counties with 3,000,000 or more inhabitants, $8,000 in counties that are contiguous to a county of 3,000,000 or more inhabitants, and $6,000 in all other counties; plus (ii) the difference between the equalized assessed value for the property in the current taxable year and the equalized assessed value for the property in the base year. Effective immediately.
