relative to the state education property tax and the low- and moderate-income homeowners property tax relief program.

This bill requires all state education property tax revenue to be deposited directly into the Education Trust Fund, replacing previous municipal handling. It expands eligibility for property tax relief by raising income thresholds to $65,000 annually for single homeowners and $77,500 for married households or heads of household. The bill mandates annual inflation adjustments to all relief amounts and establishes a committee to study extending relief to renters and improving the program’s data and design. It takes effect July 1, 2025, applying to tax periods ending after April 1, 2026.