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Amendments › SF 2472

Amendment S-5172 to SF 2472

Relating to state and local government taxes, fees, financial authority, and budgets, by modifying property assessment provisions, divisions of revenue, and funding from the secure an advanced vision for education fund, establishing a program for first-time homebuyers, modifying and making appropriations, and including effective date, applicability, and retroactive applicability provisions

Adopted · April 8, 2026

Filed April 8, 2026 in the Senate by Sen. Dan Dawson (R)

What it changes

  1. Page 1, by striking lines 14 through 30 and inserting: “c. (1) For each fiscal year beginning on or after July 1, 2028, three dollars and fifty cents per thousand dollars of assessed value. For the fiscal year beginning July 1, 2027, and the fiscal year beginning July 1, 2028, the greater of: (a) A levy rate per one thousand dollars of assessed value equal to one thousand multiplied by the quotient of one hundred one and three-fourths percent of the current fiscal year’s actual property tax dollars certified for levy under this subsection 1 divided by the remainder of the total assessed value used to calculate such taxes for the budget year minus value attributable to new valuation. (b) A levy rate per one thousand dollars of assessed value that results in an amount of actual property tax dollars certified for levy under this subsection 1 equal to one hundred and one-half percent of the actual property tax dollars certified for levy under this subsection 1 for the current fiscal year. (2) For the fiscal year beginning July 1, 2029, the greater of: (a) A levy rate per one thousand dollars of assessed value equal to one thousand multiplied by the quotient of one hundred two percent of the current fiscal year’s actual property tax dollars certified for levy under this subsection 1 divided by the remainder of the total assessed value used to calculate such taxes for the budget year minus value attributable to new valuation. (b) A levy rate per one thousand dollars of assessed value that results in an amount of actual property tax dollars certified for levy under this subsection 1 equal to one hundred and one-half percent of the actual property tax dollars certified for levy under this subsection 1 for the current fiscal year.”
  2. Page 1, line 34, by striking “2028” and inserting “2030”
  3. Page 2, line 2, by striking “2028” and inserting “2030”
  4. By striking page 3, line 24, through page 4, line 5, and inserting: “c. (1) For each fiscal year beginning on or after July 1, 2028, three dollars and ninety-five cents per thousand dollars of assessed value. For the fiscal year beginning July 1, 2027, and the fiscal year beginning July 1, 2028, the greater of: (a) A levy rate per one thousand dollars of assessed value equal to one thousand multiplied by the quotient of one hundred one and three-fourths percent of the current fiscal year’s actual property tax dollars certified for levy under this subsection 2 divided by the remainder of the total assessed value used to calculate such taxes for the budget year minus value attributable to new valuation. (b) A levy rate per one thousand dollars of assessed value that results in an amount of actual property tax dollars certified for levy under this subsection 2 equal to one hundred and one-half percent of the actual property tax dollars certified for levy under this subsection 2 for the current fiscal year. (2) For the fiscal year beginning July 1, 2029, the greater of: (a) A levy rate per one thousand dollars of assessed value equal to one thousand multiplied by the quotient of one hundred two percent of the current fiscal year’s actual property tax dollars certified for levy under this subsection 2 divided by the remainder of the total assessed value used to calculate such taxes for the budget year minus value attributable to new valuation. (b) A levy rate per one thousand dollars of assessed value that results in an amount of actual property tax dollars certified for levy under this subsection 2 equal to one hundred and one-half percent of the actual property tax dollars certified for levy under this subsection 2 for the current fiscal year.”
  5. Page 4, line 9, by striking “2028” and inserting “2030”
  6. Page 4, line 12, by striking “2028” and inserting “2030”
  7. By striking page 6, line 21, through page 7, line 15, and inserting: “d. (1) (a) For each fiscal year beginning on or after July 1, 2028, a city’s tax levy rate for the general fund, except for levies authorized in section 384.12 , shall not exceed eight dollars and ten cents per thousand dollars of assessed value used to calculate taxes in any fiscal year. For the fiscal year beginning July 1, 2027, and the fiscal year beginning July 1, 2028, a city’s tax levy rate for the general fund, except for levies authorized in section 384.12, shall not exceed the greater of: (i) A levy rate per one thousand dollars of assessed value equal to one thousand multiplied by the quotient of one hundred one and three-fourths percent of the current fiscal year’s actual property tax dollars certified for levy under this subsection divided by the remainder of the total assessed value used to calculate such taxes for the budget year minus value attributable to new valuation. (ii) A levy rate per one thousand dollars of assessed value that results in an amount of actual property tax dollars certified for levy under this subsection equal to one hundred and one-half percent of the actual property tax dollars certified for levy under this subsection for the current fiscal year. (b) Notwithstanding other provisions of this subparagraph, if a city’s actual levy rate for the current fiscal year is zero dollars per one thousand dollars of assessed value, a levy rate per one thousand dollars of assessed value equal to one thousand multiplied by the quotient of one hundred two percent of the city’s certified general fund budget for the current fiscal year divided by the remainder of the total assessed value used to calculate taxes for the budget year minus value attributable to new valuation. (2) (a) For the fiscal year beginning July 1, 2029, a city’s tax levy rate for the general fund, except for levies authorized in section 384.12, shall not exceed the greater of: (i) A levy rate per one thousand dollars of assessed value equal to one thousand multiplied by the quotient of one hundred two percent of the current fiscal year’s actual property tax dollars certified for levy under this subsection divided by the remainder of the total assessed value used to calculate such taxes for the budget year minus value attributable to new valuation. (ii) A levy rate per one thousand dollars of assessed value that results in an amount of actual property tax dollars certified for levy under this subsection equal to one hundred and one-half percent of the actual property tax dollars certified for levy under this subsection for the current fiscal year. (b) Notwithstanding other provisions of this subparagraph, if a city’s actual levy rate for the current fiscal year is zero dollars per one thousand dollars of assessed value, a levy rate per one thousand dollars of assessed value equal to one thousand multiplied by the quotient of one hundred two percent of the city’s certified general fund budget for the current fiscal year divided by the remainder of the total assessed value used to calculate taxes for the budget year minus value attributable to new valuation.”
  8. Page 7, line 19, by striking “2028” and inserting “2030”
  9. Page 7, line 23, by striking “2028” and inserting “2030”
  10. By striking page 10, line 23, through page 11, line
  12. By striking page 23, line 33, through page 24, line
  14. By striking page 34, line 20, through page 36, line 5, and inserting: “(2) For valuations established for the assessment year beginning January 1, 2026, the percentage of actual value as equalized by the department of revenue as provided in section 441.49 at which residential property shall be assessed shall be fifty-five percent. (3) For valuations established for the assessment year beginning January 1, 2027, and each assessment year thereafter, the percentage of actual value as equalized by the department of revenue as provided in section 441.49 at which residential property shall be assessed shall be sixty-five percent.”
  15. By striking page 38, line 1, through page 40, line 4, and inserting: “b. For valuations established on or after January 1, 2013, commercial Commercial property, excluding properties referred to in section 427A.1, subsection 9, shall be assessed at a portion of its actual value, as determined in this paragraph “b” . (1) For valuations established for the assessment year beginning January 1, 2013, the percentage of actual value as equalized by the department of revenue as provided in section 441.49 at which commercial property shall be assessed shall be ninety-five percent. For valuations established for the assessment year beginning January 1, 2014, and each assessment year thereafter beginning before January 1, 2022, the percentage of actual value as equalized by the department of revenue as provided in section 441.49 at which commercial property shall be assessed shall be ninety percent. (2) (1) For valuations established for the assessment year beginning January 1, 2022, and each assessment year thereafter beginning before January 1, 2026 , the portion of actual value at which each property unit of commercial property shall be assessed shall be the sum of the following: (a) An amount equal to the product of the assessment limitation percentage applicable to residential property under subsection 4 for that assessment year multiplied by the actual value of the property that exceeds zero dollars but does not exceed one hundred fifty thousand dollars. (b) An amount equal to ninety percent of the actual value of the property for that assessment year that exceeds one hundred fifty thousand dollars. (2) For valuations established for the assessment year beginning January 1, 2026, the portion of actual value at which each property unit of commercial property shall be assessed shall be the sum of the following: (a) An amount equal to the product of the assessment limitation percentage applicable to residential property under subsection 4 for that assessment year multiplied by the actual value of the property that exceeds zero dollars but does not exceed one hundred fifty thousand dollars. (b) An amount equal to ninety-three percent of the actual value of the property for that assessment year that exceeds one hundred fifty thousand dollars. (3) For valuations established for the assessment year beginning January 1, 2027, and each assessment year thereafter, the portion of actual value at which each property unit of commercial property shall be assessed shall be the sum of the following: (a) An amount equal to the product of the assessment limitation percentage applicable to residential property under subsection 4 for that assessment year multiplied by the actual value of the property that exceeds zero dollars but does not exceed one hundred fifty thousand dollars. (b) An amount equal to one hundred percent of the actual value of the property for that assessment year that exceeds one hundred fifty thousand dollars. c. For valuations established on or after January 1, 2013, industrial Industrial property, excluding properties referred to in section 427A.1, subsection 9, shall be assessed at a portion of its actual value, as determined in this paragraph “c” . (1) For valuations established for the assessment year beginning January 1, 2013, the percentage of actual value as equalized by the department of revenue as provided in section 441.49 at which industrial property shall be assessed shall be ninety-five percent. For valuations established for the assessment year beginning January 1, 2014, and each assessment year thereafter beginning before January 1, 2022, the percentage of actual value as equalized by the department of revenue as provided in section 441.49 at which industrial property shall be assessed shall be ninety percent. (2) (1) For valuations established for the assessment year beginning January 1, 2022, and each assessment year thereafter beginning before January 1, 2026 , the portion of actual value at which each property unit of industrial property shall be assessed shall be the sum of the following: (a) An amount equal to the product of the assessment limitation percentage applicable to residential property under subsection 4 for that assessment year multiplied by the actual value of the property that exceeds zero dollars but does not exceed one hundred fifty thousand dollars. (b) An amount equal to ninety percent of the actual value of the property for that assessment year that exceeds one hundred fifty thousand dollars. (2) For valuations established for the assessment year beginning January 1, 2026, the portion of actual value at which each property unit of industrial property shall be assessed shall be the sum of the following: (a) An amount equal to the product of the assessment limitation percentage applicable to residential property under subsection 4 for that assessment year multiplied by the actual value of the property that exceeds zero dollars but does not exceed one hundred fifty thousand dollars. (b) An amount equal to ninety-three percent of the actual value of the property for that assessment year that exceeds one hundred fifty thousand dollars. (3) For valuations established for the assessment year beginning January 1, 2027, and each assessment year thereafter, the portion of actual value at which each property unit of industrial property shall be assessed shall be the sum of the following: (a) An amount equal to the product of the assessment limitation percentage applicable to residential property under subsection 4 for that assessment year multiplied by the actual value of the property that exceeds zero dollars but does not exceed one hundred fifty thousand dollars. (b) An amount equal to one hundred percent of the actual value of the property for that assessment year that exceeds one hundred fifty thousand dollars. d. For valuations established for the assessment year beginning January 1, 2019, and each assessment year thereafter, the percentages or portions of actual value at which property is assessed, as determined under this subsection, shall not be applied to the value of wind energy conversion property valued under section 427B.26 the construction of which is approved by the Iowa utilities commission on or after July 1,
  16. ”
  17. By striking page 44, line 12, through page 45, line 32, and inserting: “b. For valuations established for the assessment year beginning January 1, 2027, and each assessment year thereafter, the percentage of actual value as equalized by the department of revenue as provided in section 441.49 at which multiresidential property shall be assessed shall be eighty percent.”
  18. Page 48, after line 9 by inserting: “Sec. ___. Section 441.33, Code 2026, is amended by adding the following new subsection: NEW SUBSECTION .
  19. Ex parte communications with board of review members are prohibited in protests before the board.”
  20. Page 53, lines 15 and 16, by striking “and the exemption under subsection 1B, if applicable,”
  21. Page 53, line 27, by striking “subsections” and inserting “subsection”
  22. By striking page 53, line 28, through page 55, line 10, and inserting: “NEW SUBSECTION . 1A. a. (1) Except as provided in subparagraph (2), for the assessment year beginning January 1, 2026, an exemption from taxation of five percent of taxable value, but not less than four thousand eight hundred fifty dollars in taxable value and not to exceed an exemption of thirty-five thousand dollars in taxable value, shall be allowed on each eligible homestead. (2) (a) For an owner that has attained the age of sixty years but has not yet attained the age of seventy by January 1 of the assessment year, the amount of the exemption shall be sixty percent of taxable value, not to exceed an exemption of three hundred fifty thousand dollars in taxable value. (b) For an owner that has attained the age of seventy years but has not yet attained the age of eighty by January 1 of the assessment year, the amount of the exemption shall be seventy percent of taxable value, not to exceed an exemption of three hundred fifty thousand dollars in taxable value. (c) For an owner that has attained the age of eighty years but has not yet attained the age of ninety by January 1 of the assessment year, the amount of the exemption shall be eighty percent of taxable value, not to exceed an exemption of three hundred fifty thousand dollars in taxable value. (d) For an owner that has attained the age of ninety years but has not yet attained the age of one hundred by January 1 of the assessment year, the amount of the exemption shall be ninety percent of taxable value, not to exceed an exemption of three hundred fifty thousand dollars in taxable value. (e) For an owner that has attained the age of one hundred years by January 1 of the assessment year, the amount of the exemption shall be one hundred percent of taxable value, not to exceed an exemption of three hundred fifty thousand dollars in taxable value. b. (1) Except as provided in subparagraph (2), for each assessment year beginning on or after January 1, 2027, an exemption from taxation of fifteen percent of taxable value, but not less than four thousand eight hundred fifty dollars in taxable value and not to exceed an exemption of one hundred fifty thousand dollars in taxable value, shall be allowed on each eligible homestead.”
  23. Page 55, after line 35 by inserting: “c. (1) For the assessment year beginning January 1, 2028, and for each subsequent assessment year, the maximum exemption amounts under paragraph “b” shall be multiplied by the cumulative adjustment factor for that assessment year. “Cumulative adjustment factor” means the product of the annual adjustment factor for the assessment year beginning January 1, 2027, and all annual adjustment factors for subsequent assessment years. The cumulative adjustment factor applies to the assessment year beginning in the calendar year for which the latest annual adjustment factor has been determined. (2) The annual adjustment factor for the assessment year beginning January 1, 2027, is one hundred percent. For each subsequent assessment year, the annual adjustment factor equals the annual inflation factor for the calendar year, in which the assessment year begins, as computed in section 422.4 for purposes of the individual income tax. (3) The cumulative adjustment factor shall be determined annually by the department of revenue.”
  24. By striking page 56, line 1, through page 57, line
  26. Page 60, after line 14 by inserting: “Sec. ___. Section 425.17, subsection 4, Code 2026, is amended to read as follows:
  27. “Homestead” means the dwelling owned or rented and actually used as a home by the claimant during the period specified in subsection 2 , and so much of the land surrounding it including one or more contiguous lots or tracts of land, as is reasonably necessary for use of the dwelling as a home, but not exceeding one-half acre, and may consist of a part of a multidwelling or multipurpose building and a part of the land upon which it is built. It does not include personal property except that a manufactured or mobile home may be a homestead. Any dwelling or a part of a multidwelling or multipurpose building which is exempt from taxation, except for an exemption under section 425.1A , does not qualify as a homestead under this subchapter . However, solely for purposes of claimants living in a property and receiving reimbursement for rent constituting property taxes paid immediately before the property becomes tax exempt, and continuing to live in it after it becomes tax exempt, the property shall continue to be classified as a homestead. A homestead must be located in this state. When a person is confined in a nursing home, extended-care facility, or hospital, the person shall be considered as occupying or living in the person’s homestead if the person is the owner of the homestead and the person maintains the homestead and does not lease, rent, or otherwise receive profits from other persons for the use of the homestead.”
  28. By striking page 61, line 35, through page 64, line 7, and inserting: “Sec. ___. Section 347.7, Code 2026, is amended by adding the following new subsection: NEW SUBSECTION . 3A. a. (1) For the fiscal year beginning July 1, 2027, and the fiscal year beginning July 1, 2028, any property tax levy imposed for a county hospital under this chapter that is limited by law to a specific property tax levy rate per one thousand dollars of assessed value shall not exceed a levy rate per one thousand dollars of assessed value that is equal to one thousand multiplied by the quotient obtained by dividing one hundred one and three-fourths percent of the current fiscal year’s actual property tax dollars certified for such levy by the remainder of the total assessed value used to calculate such taxes for the budget year minus value attributable to new valuation. (2) For fiscal years beginning on or after July 1, 2029, any property tax levy imposed for a county hospital under this chapter that is limited by law to a specific property tax levy rate per one thousand dollars of assessed value shall not exceed a levy rate per one thousand dollars of assessed value that is equal to one thousand multiplied by the quotient obtained by dividing one hundred five percent of the current fiscal year’s actual property tax dollars certified for such levy by the remainder of the total assessed value used to calculate such taxes for the budget year minus value attributable to new valuation. b. For purposes of this subsection, “budget year” , “current fiscal year” , and “new valuation” mean the same as defined in section 331.423. Sec. ___. Section 347A.3, Code 2026, is amended by adding the following new subsection: NEW SUBSECTION .
  29. a. (1) For the fiscal year beginning July 1, 2027, and the fiscal year beginning July 1, 2028, any property tax levy imposed for a county hospital under this chapter that is limited by law to a specific property tax levy rate per one thousand dollars of assessed value shall not exceed a levy rate per one thousand dollars of assessed value that is equal to one thousand multiplied by the quotient obtained by dividing one hundred one and three-fourths percent of the current fiscal year’s actual property tax dollars certified for such levy by the remainder of the total assessed value used to calculate such taxes for the budget year minus value attributable to new valuation. (2) For fiscal years beginning on or after July 1, 2029, any property tax levy imposed for a county hospital under this chapter that is limited by law to a specific property tax levy rate per one thousand dollars of assessed value shall not exceed a levy rate per one thousand dollars of assessed value that is equal to one thousand multiplied by the quotient obtained by dividing one hundred five percent of the current fiscal year’s actual property tax dollars certified for such levy by the remainder of the total assessed value used to calculate such taxes for the budget year minus value attributable to new valuation. b. For purposes of this subsection, “budget year” , “current fiscal year” , and “new valuation” mean the same as defined in section 331.423. Sec. ___. Section 357F.8, Code 2026, is amended by adding the following new subsection: NEW SUBSECTION .
  30. a. (1) For the fiscal year beginning July 1, 2027, and the fiscal year beginning July 1, 2028, any property tax levy imposed for the district under this chapter that is limited by law to a specific property tax levy rate per one thousand dollars of assessed value shall not exceed a levy rate per one thousand dollars of assessed value that is equal to one thousand multiplied by the quotient obtained by dividing one hundred one and three-fourths percent of the current fiscal year’s actual property tax dollars certified for such levy by the remainder of the total assessed value used to calculate such taxes for the budget year minus value attributable to new valuation. (2) For fiscal years beginning on or after July 1, 2029, any property tax levy imposed for the district under this chapter that is limited by law to a specific property tax levy rate per one thousand dollars of assessed value shall not exceed a levy rate per one thousand dollars of assessed value that is equal to one thousand multiplied by the quotient obtained by dividing one hundred five percent of the current fiscal year’s actual property tax dollars certified for such levy by the remainder of the total assessed value used to calculate such taxes for the budget year minus value attributable to new valuation. b. For purposes of this subsection, “budget year” , “current fiscal year” , and “new valuation” mean the same as defined in section 331.423. Sec. ___. Section 357G.8, Code 2026, is amended by adding the following new subsection: NEW SUBSECTION .
  31. a. (1) For the fiscal year beginning July 1, 2027, and the fiscal year beginning July 1, 2028, any property tax levy imposed for the district under this chapter that is limited by law to a specific property tax levy rate per one thousand dollars of assessed value shall not exceed a levy rate per one thousand dollars of assessed value that is equal to one thousand multiplied by the quotient obtained by dividing one hundred one and three-fourths percent of the current fiscal year’s actual property tax dollars certified for such levy by the remainder of the total assessed value used to calculate such taxes for the budget year minus value attributable to new valuation. (2) For fiscal years beginning on or after July 1, 2029, any property tax levy imposed for the district under this chapter that is limited by law to a specific property tax levy rate per one thousand dollars of assessed value shall not exceed a levy rate per one thousand dollars of assessed value that is equal to one thousand multiplied by the quotient obtained by dividing one hundred five percent of the current fiscal year’s actual property tax dollars certified for such levy by the remainder of the total assessed value used to calculate such taxes for the budget year minus value attributable to new valuation. b. For purposes of this subsection, “budget year” , “current fiscal year” , and “new valuation” mean the same as defined in section 384.1. Sec. ___. NEW SECTION . 422D.5A Levy limitation.
  32. a. For the fiscal year beginning July 1, 2027, and the fiscal year beginning July 1, 2028, any property tax levy imposed under this chapter that is limited by law to a specific property tax levy rate per one thousand dollars of assessed value shall not exceed a levy rate per one thousand dollars of assessed value that is equal to one thousand multiplied by the quotient obtained by dividing one hundred one and three-fourths percent of the current fiscal year’s actual property tax dollars certified for such levy by the remainder of the total assessed value used to calculate such taxes for the budget year minus value attributable to new valuation. b. For fiscal years beginning on or after July 1, 2029, any property tax levy imposed under this chapter that is limited by law to a specific property tax levy rate per one thousand dollars of assessed value shall not exceed a levy rate per one thousand dollars of assessed value that is equal to one thousand multiplied by the quotient obtained by dividing one hundred five percent of the current fiscal year’s actual property tax dollars certified for such levy by the remainder of the total assessed value used to calculate such taxes for the budget year minus value attributable to new valuation.
  33. For purposes of this section, “budget year” , “current fiscal year” , and “new valuation” mean the same as defined in section 331.423.”
  34. Page 65, line 5, after “rate” by inserting “for a fiscal year beginning on or after July 1, 2027, expressed in statute as a specific amount of money due other than a calculated amount,”
  35. Page 65, line 6, by striking “taxes, but does not” and inserting “taxes. This paragraph shall not be construed to”
  36. Page 65, line 25, after “
  37. ” by inserting “a.”
  38. Page 65, line 25, after “2027,” by inserting “and the fiscal year beginning July 1, 2028,”
  39. Page 65, lines 27 and 28, by striking “fiscal year beginning July 1, 2026,” and inserting “immediately preceding fiscal year,”
  40. Page 65, line 31, by striking “two” and inserting “one and three-fourths”
  41. Page 66, lines 3 and 4, by striking “fiscal year beginning July 1, 2026” and inserting “immediately preceding fiscal year”
  42. Page 66, after line 4 by inserting: “b. For the fiscal year beginning July 1, 2029, each rate-limited property tax levy may only be imposed if the governmental entity imposed such levy for the immediately preceding fiscal year, and shall, by operation of this section, be limited to a levy rate per one thousand dollars of assessed value that is equal to one thousand multiplied by the quotient of one hundred two percent of the current fiscal year’s actual property tax dollars certified for such levy divided by the total assessed value used to calculate such taxes for the budget year, but not less than a levy rate per one thousand dollars of assessed value that results in an amount of actual property tax dollars certified for levy for such levy equal to one hundred and one-half percent of the actual property tax dollars certified for such levy for the immediately preceding fiscal year.”
  43. Page 66, line 5, by striking “2028” and inserting “2030”
  44. Page 66, line 9, by striking “fiscal year beginning July 1, 2026,” and inserting “immediately preceding fiscal year,”
  45. Page 67, by striking lines 15 through 21 and inserting “rates of property taxation imposed by governmental entities.”
  46. By striking page 67, line 34, through page 68, line 2, and inserting “rates of property taxation imposed by governmental entities, no later than January 15,
  47. ”
  48. Page 68, line 20, by striking “one-half” and inserting “one-fourth”
  49. Page 75, line 6, after “2027,” by inserting “and the fiscal year beginning July 1, 2028,”
  50. Page 75, line 12, by striking “two” and inserting “one and three-fourths”
  51. Page 75, line 18, by striking “2028” and inserting “2029”
  52. Page 76, line 33, by striking “eighty” and inserting “eighty-eight”
  53. Page 77, line 9, by striking “eighty” and inserting “eighty-eight”
  54. Page 77, by striking lines 11 through 20 and inserting: “b. (1) For the fiscal year beginning July 1, 2027, and the fiscal year beginning July 1, 2028, the sum of property tax dollars levied for the regional transit district under this subsection and property tax dollars received by the regional transit district from participating cities and counties shall not exceed an amount equal to one hundred one and three-fourths percent of the sum of property tax dollars levied for the regional transit district under this subsection for the immediately preceding fiscal year and property tax dollars received by the regional transit district from participating cities and counties for the immediately preceding fiscal year. (2) For each fiscal year beginning on or after July 1, 2029, the sum of property tax dollars levied for the regional transit district under this subsection and property tax dollars received by the regional transit district from participating cities and counties shall not exceed an amount equal to one hundred five percent of the sum of property tax dollars levied for the regional transit district under this subsection for the immediately preceding fiscal year and property tax dollars received by the regional transit district from participating cities and counties for the immediately preceding fiscal year.”
  55. Page 77, line 27, by striking “eighty” and inserting “eighty-eight”
  56. Page 77, by striking lines 30 through 35 and inserting “the levy rate limitation, for the fiscal year beginning July 1, 2027, and the fiscal year beginning July 1, 2028, the sum of property tax dollars levied for the municipal transit system under this paragraph shall not exceed an amount equal to one hundred one and three-fourths percent of the sum of property tax dollars levied for the municipal transit system under this paragraph for the immediately preceding fiscal year. In addition to the levy rate limitation, for each fiscal year beginning on or after July 1, 2029, the sum of property tax dollars levied for the municipal transit system under this paragraph shall not exceed an amount equal to one hundred five percent of the sum of property tax dollars levied for the municipal transit system under this paragraph for the immediately preceding fiscal year.”
  57. Page 78, line 4, by striking “eighty” and inserting “eighty-eight”
  58. Page 83, line 7, after “CENTERS” by inserting “AND WEB SEARCH PORTAL BUSINESSES”
  59. Page 83, line 24, after “center” by inserting “or a qualified web search portal business”
  60. Page 83, line 25, after “center” by inserting “or a qualified web search portal business”

Shortened here; the full amendment is in the official document.

Official amendment (PDF) · In the Bill Book