Require that the Department of Revenue provide for an online application for property tax relief programs.

This bill clarifies rules for a special property tax formula that allows local governments to reduce the assessed value of new or improved structures for a period of up to five years. It also repeals several sections of existing law related to property tax incentives and makes changes to how these reduced valuations affect state aid to education and tax increment financing districts. The changes aim to provide clearer guidelines for how these tax benefits are applied and accounted for.

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