The bill, H.B. No. 281, proposes to amend the effective date of certain changes in law concerning the impact of disasters and related costs on the calculation of specific tax rates and the procedures for adopting these rates by taxing units. Specifically, it changes the effective date from January 1, 2026, to January 1, 2028.

Additionally, the bill stipulates that it will take effect immediately if it receives a two-thirds majority vote from all elected members in both houses of the legislature. If it does not achieve this necessary vote, the bill will take effect 91 days after the conclusion of the legislative session.