Maximum levy growth quotient cap.

SB 315 extends the calculation method used to determine the maximum levy growth quotient - established by HEA 1499-2023 - through 2026. This procedural bill does not change existing tax limits but prolongs the current formula for calculating allowable property tax increases by local governments. It directly affects local taxing jurisdictions that rely on this calculation for budget planning. The bill is currently pending in the Tax and Fiscal Policy Committee after being introduced on January 13, 2025.