This bill proposes an amendment to the General Property Tax Act of 1893 by adding a new section, 9q, which establishes exemptions for certain properties from the state education tax levied after December 31, 2025. Specifically, it exempts residential real property classified under section 34c and qualified agricultural property that includes a single-family dwelling owned and occupied by an individual actively involved in agricultural use, provided that the owner has not claimed a principal residence exemption on any other property.

The enactment of this amendment is contingent upon the passage of House Bill No. 4373. The bill aims to provide tax relief for specific property owners, particularly those in residential and agricultural sectors, thereby potentially encouraging agricultural activity and supporting homeowners in these classifications.

Statutes affected:
House Introduced Bill: 211.1, 211.155