Property tax provisions modified, and identification requirements for homestead determination modified.
Shareholder limit increased for entity-owned agricultural homestead property.
Entity-owned agricultural homestead property shareholder limit increase provision
First-tier valuation limit modification for agricultural homestead properties
Property tax provisions modified, first-tier valuation limit for agricultural homestead properties modified, homestead resort property tier limits modified, homestead market value exclusion modified, and state general levy reduced.
Property tax classification consolidation
Property tax classifications consolidated, classification rates modified, definition of referendum market value modified, state general levy on seasonal residential recreational property eliminated, and other property tax provisions modified.
Property taxes and individual income taxes modified, first-tier valuation limit for agricultural homestead properties modified, tier limits for homestead resort properties increased, homestead market value exclusion modified, state general levy reduced, unlimited Social Security subtraction allowed, temporary refundable child credit established, and money appropriated.
Homestead resort properties tier property tax tier limits modification
Agricultural land for agricultural property classification definition modification