Extends provisions of the real property tax law relating to the residential-commercial exemption program

This bill extends the expiration date of the residential-commercial exemption program to September 23, 2027. The exemption program allows certain properties in specific counties to qualify for reduced real property taxes by being used for both residential and commercial purposes. By amending the existing real property tax law, the legislation ensures that these tax benefits remain available to eligible property owners for an additional period. The change applies immediately and does not alter the fundamental criteria for qualifying for the exemption.