Revenue and taxation; Ad Valorem Tax Code; definitions; classifications of property; valuation procedures; effective date.

Document header and metadata were updated to reflect committee substitute status with new date (2/28/2025) and committee amendment markings.

Page numbering and layout formatting were adjusted to conform to committee substitute document standards.

All substantive legislative text regarding tax definitions, exemptions, and procedures remained unchanged between versions.

The bill title and description changed from creating a new 'Ad Valorem Tax Relief Act of 2025' to amending existing sections of the Ad Valorem Tax Code to modify property classifications and valuation procedures.

Added sponsors Thompson of the Senate to the list of bill sponsors, changing the original sponsor list from only Kannady to include Kannady, Schreiber, Tedford, and Thompson.

Removed the original effective date of November 1, 2025 from the bill text, as the engrossed version now references the effective date provision within the amended statutory language.

Changed the bill status from 'AS INTRODUCED' to 'ENGROSSED HOUSE', indicating the bill has passed the House and is in its final amended form before moving to the Senate.

Document formatting and page numbering were updated to reflect House Committee Substitute status with new page references (Req. No. 13166) instead of the previous proposed policy committee numbering (Req. No. 12666)

Header information was changed from 'Proposed Policy Committee Substitute' to 'House Committee Substitute' with updated committee amendment language and reading clerk sections

New page headers and footers were added to conform to House Committee Substitute formatting standards

Bill title changed from general property tax reform to specifically address commercial building valuation methods

New definition added for commercial buildings without finished interiors, specifying valuation based on direct construction costs rather than completed value

Removed extensive definitions for general property tax terms like 'accepted standards for mass appraisal practice' and 'assessment percentage'

County assessors now required to use direct cost method for unfinished commercial buildings, excluding interior finishing costs from valuation

Effective date changed to January 1, 2026 for the new commercial building valuation provisions