Relating to an increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and the protection of school districts against the resulting loss in local revenue.

HB 378 would increase the property tax exemption for a homeowner's primary residence (homestead) within school districts, reducing property tax bills for eligible homeowners. The bill also includes provisions to protect school districts from revenue loss due to this exemption increase, likely through state funding adjustments. This change would directly affect homeowners living in their primary residence and school districts that rely on property tax revenue. The bill is currently pending in the Ways & Means committee after being filed and read for the first time.