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.
Fiscal Summary LOCAL GOVERNMENTREVENUEPermissiveFY27-28 & Subsequent YearsForegone >($1,000,000) Bill Summary For tax years beginning on or after July 1, 2026, this bill prohibits a local government from increasing a real property tax rate by an amount that would cause the local government to realize an increase in total revenue exceeding inflation plus 2%, or that would cause the local government to realize an increase in total revenue exceeding inflation plus 2% over the preceding three years, except by a referendum election. As used in this bill, "total revenue" means the gross revenue collected from ad valorem real property taxes levied by a local government by category of real property during the immediately preceding tax year. However, total revenue does not include new gross tax revenue collected from new construction and collected during the immediately preceding tax year. As used in this bill "new construction" means an addition to real property, including as improvement or addition to an existing structure. This bill clarifies that its limitations do not apply to taxes levied or pledged to pay or secure the payment of the principal and interest on bonds, actions taken by the comptroller of the treasury, or a local government's authority to change rates for utilities that the local government owns or operates. REFERENDUM ELECTION This bill requires the governing body of a local government to direct the county election commission to hold a referendum election to raise a real property tax rate by an amount that exceeds the limitations described above, upon the adoption of a resolution or ordinance by a two-thirds majority vote. The resolution or ordinance must specify the tax rate, the date on which the tax rate would go into effect, the proposed date of the election, and that the referendum election is to be hel
