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Limits Use of Property Tax Relief Funds
Recent Bills/Limits Use of Property Tax Relief Funds

Limits Use of Property Tax Relief Funds

IntroducedN/A
Passed1 year ago
Intro
House
Senate
Pres
Notification that HB1074 is now Act 121
More:Taxes
Why This Matters

This bill changes the rules for using money from the Property Tax Relief Trust Fund, requiring a higher vote to use it for anything other than property tax relief.

If you are a taxpayer, this bill makes it harder for local governments to use property tax relief funds for other purposes.
Who this affects
local governments · taxpayers
What changes is this bill making?
  1. 1This bill raises the voting requirement to use funds from the Property Tax Relief Trust Fund for non-property tax purposes.
  2. 2The new threshold requires a two-thirds majority vote from lawmakers to access these funds for other uses.
  3. 3The bill aims to ensure that money in the trust fund primarily supports property tax relief.
  4. 4It affects how local governments can allocate funds from the trust, making it harder to divert them.
Read the detailed summary

To Amend The Property Tax Relief Trust Fund; And To Require A Higher Vote Threshold For Using Moneys In The Property Tax Relief Trust Fund For Purposes Other Than Property Tax Relief.

Bill Progress4 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
House
Senate
Pres
IntroducedJan 3, 2025
Sponsors
See all 2 sponsors
HouseJan 29, 2025
SenateFeb 13, 2025
PresidentCurrent

Notification that HB1074 is now Act 121

The President

Donald Trump
President
Awaiting Signature
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