Proposing an amendment to reduce property taxes and increase gross receipts and use taxes.

The bill proposes an amendment to state law to reduce certain property taxes for owner-occupied property and increase the rates for certain gross receipts taxes and use taxes. The amendment will be submitted to voters at the next general election. The bill details specific tax rates and levies for various services and properties, including telecommunications, rentals, and amusement devices. It also outlines the allocation for students with different levels of disabilities and the calculation of local need for school districts. The changes are set to take effect starting January 1, 2027.

Proposing an amendment to reduce property taxes and increase gross receipts and use taxes.

The bill proposes an amendment to state law to reduce certain property taxes for owner-occupied property and increase the rates for certain gross receipts taxes and use taxes. The amendment will be submitted to voters at the next general election. The bill details specific tax rates and levies for various services and properties, including telecommunications, rentals, and amusement devices. It also outlines the allocation for students with different levels of disabilities and the calculation of local need for school districts. The changes are set to take effect starting January 1, 2027.