Establishes a real property tax freeze credit for taxpayers in certain eligible school districts.

The bill establishes a real property tax freeze credit for taxpayers in certain eligible school districts. The credit is available for taxpayers in school districts that have a freeze-compliant budget for the fiscal year starting in 2026. The credit is calculated based on the change in real property taxes and the levy credit factor. The bill also includes provisions for determining eligibility, calculating the credit, and applying the credit to the taxpayer's tax liability. The credit is not allowed for property located within a city with a population of one million or more.

Establishes a real property tax freeze credit for taxpayers in certain eligible school districts.

The bill establishes a real property tax freeze credit for taxpayers in certain eligible school districts. The credit is available for taxpayers in school districts that have a freeze-compliant budget for the fiscal year starting in 2026. The credit is calculated based on the change in real property taxes and the levy credit factor. The bill also includes provisions for determining eligibility, calculating the credit, and applying the credit to the taxpayer's tax liability. The credit is not allowed for property located within a city with a population of one million or more.