Relating to the authority of a taxing unit to adopt an exemption or a tax rate that is contingent on voter approval of the adoption of a tax rate or the issuance of bonds by that taxing unit or another taxing unit.

SB 2665 allows local governments (like cities, school districts, or counties) to set property tax rates or homestead exemptions that only take effect if voters approve related measures, such as new bond issuances or tax increases for other projects. For example, a city could propose a lower tax rate contingent on voters approving school bonds under existing laws. The bill requires clear disclosure of these conditions in official documents and specifies that such tax changes would take effect January 1 after the voter approval occurs. This directly affects local governments planning tax policies and property owners whose taxes may change based on separate voter decisions.