Digest: The Act tells a state officer to study and prepare a report on the state property tax system. (Flesch Readability Score: 66.3). [Digest: The Act creates the Task Force on Impacts of Ballot Measures 5 and 50. (Flesch Readability Score: 77.8).] [Establishes the Task Force on Impacts of Ballot Measures 5 and 50. Requires the task force to study the disparate impacts, if any, of the ballot measures on historically disadvantaged communities and submit a report to the interim committees of the Legislative Assembly related to taxation no later than December 15, 2026.] Directs the Legislative Fiscal Officer to analyze and prepare a report on the current state property tax system and options to modernize the state property tax system. Requires the officer to submit the report to the interim committees of the Legislative Assembly related to revenue no later than December 1, 2026. Sunsets [the task force] January 2, 2027. Takes effect on the 91st day following adjournment sine die.