A bill for an act relating to local and state government finances by modifying provisions relating to homestead property tax credits, providing a residential property tax rebate, modifying provisions relating to retirement systems, making appropriations, and including applicability provisions.

This bill modifies property tax credits and introduces a residential property tax rebate program. It expands eligibility for homestead tax credits, increases the homestead credit amount, and changes how elderly and disabled property tax credits are funded. The bill also creates a rebate program for homeowners and renters for fiscal years 2026-2028. Additionally, it shifts the employer's contribution for certain public safety employees in retirement systems from local governments to the state general fund, starting July 1, 2026.

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