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

This bill extends the expiration date of a residential-commercial property tax exemption program to September 23, 2027. The program allows property owners in specific counties to qualify for tax reductions when they convert residential buildings into commercial spaces. By amending the existing real property tax law, the legislation ensures that these tax benefits remain available for a longer period. The change applies directly to property owners in the participating counties who utilize the exemption.