From official state and federal legislative records. Informational only, not legal advice.
Died
This idea didn't make it. It stopped moving and won't become a law this time.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
AN ACT relating to taxation and revenue; establishing a property tax exemption for single family residential properties; providing a sales and use tax to provide funding to local governments due to the decrease in revenue from property tax exemptions; providing an exemption to the additional sales and use tax as specified; providing for the distribution of the sales and use tax; making conforming amendments; providing rulemaking authority; specifying applicability; authorizing reimbursement for other tax reductions; requiring a report; and providing for an effective date.