Relating to state and local government taxes, fees, financial authority, and budgets, modifying divisions of revenue, modifying appropriations, and including effective date, applicability, and retroactive applicability provisions

Where it is now

1. ✓
   Done: IntroducedJanuary 12, 2026
2. ✓
   Done: SubcommitteeJanuary 12, 2026
3. ✓
   Done: Senate committeeMarch 11, 2026
4. –
   Skipped: Passes the SenateContinued as SF 2472
5. Next: House committee
6. Next: Passes the House
7. Next: To the Governor
8. Next: Signed into law

Became SF 2472 → Its progress continues under the new number. Go to SF 2472 What’s a funnel?

Amendments · 4

4 adopted · 0 failed. Newest first.

• S-5210Strike everything · filed April 22, 2026 by

  AI summary This amendment replaces the entire bill and establishes new rules for how local governments manage their money and property taxes. It limits unassigned general fund reserves to 35% of budgeted expenditures and requires audits to verify compliance with these limits starting in 2027. It also sets a cap on the total amount of property tax dollars a government entity can collect, limiting it to 102% of the previous year's amount for property that is not new construction.
  Adopted
  May 3, 2026
• H-8394Strike everything · filed April 21, 2026 by the House Ways Committee

  AI summary This amendment replaces the entire bill. It sets a 35% limit on unassigned reserve funds in the general funds of local government entities and establishes a maximum limit on the total amount of property tax dollars that can be levied against property that is not new valuation.
  Adopted
  April 22, 2026
• S-5175 · filed April 8, 2026 by Sen. Dan Dawson (R)

  AI summary This amendment changes the property assessment rules for certain veterans starting in 2026. It sets the assessment amount to be at least $5,000 but no more than either $14,000 or 2% of the property's taxable value.
  Adopted
  April 8, 2026
• S-5172 · filed April 8, 2026 by Sen. Dan Dawson (R)

  AI summary This amendment changes several property tax levy rates and updates various effective dates from 2028 to 2030. It also modifies how residential and commercial properties are assessed by changing the percentages of actual value used for those assessments.
  Adopted
  April 8, 2026