A bill for an act relating to state and local government taxes, budgets, and authority, by modifying provisions relating to the assessment and taxation of property, funding from the secure an advanced vision for education fund, the election of certain county officers, urban renewal areas and urban revitalization areas, establishing a rent reimbursement program, establishing a program for certain first-time homebuyers, establishing a local government shared-services grant fund, making appropriations, and including effective date, applicability, and retroactive applicability provisions.
This bill establishes new limits on local government property tax collections and reserve funds. It requires cities, counties, and other local entities (excluding school districts) to cap unassigned general fund reserves at 10% of budgeted spending and sets a maximum property tax levy at 102% of the prior year's total plus new property valuation growth. These rules apply to budgets certified for fiscal years beginning July 1, 2027, and will be verified through annual audits. The bill also modifies related tax assessment, budgeting, and reporting requirements for local governments.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 14, 2026
Last action Jan 29, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
4
Committee
4
Jan 29, 2026
Legislature · Passed
Subcommittee recommends passage.
legislature
Jan 28, 2026
Legislature · Passed
Subcommittee Meeting: 01/29/2026 12:30PM RM 103.
legislature
Jan 28, 2026
Lower · Passed
Subcommittee reassigned: Nordman, Hermanson, McBurney, Wichtendahl and Young.
lower
Jan 14, 2026
Lower · Passed
Subcommittee: Nordman, Hermanson and Jacoby.
lower
Jan 14, 2026
Introduced
Introduced, referred to Ways and Means.
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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