Establishes the homeowner tax reduction fund to provide property tax rebates for owner-occupied single-family dwellings.

The bill creates the homeowner tax reduction fund in the state treasury, administered by the Department of Revenue. The fund aims to provide property tax rebates for owner-occupied single-family dwellings. Interest on the fund's moneys must remain in the fund, and expenditures must be budgeted through the general appropriation bill. The fund's moneys cannot be transferred to the general fund.

Establishes the homeowner tax reduction fund to provide property tax rebates for owner-occupied single-family dwellings.

The bill creates the homeowner tax reduction fund in the state treasury, administered by the Department of Revenue. The fund aims to provide property tax rebates for owner-occupied single-family dwellings. Interest on the fund's moneys must remain in the fund, and expenditures must be budgeted through the general appropriation bill. The fund's moneys cannot be transferred to the general fund.