An act relating to increasing taxes on higher income earners and creating the School Construction Aid Special Fund

This bill proposes several tax changes, including an income tax surcharge for individuals earning over $250,000, a wealth proceeds tax for those with higher taxable income, and a new property tax classification for nonhomestead residential properties. Nonhomestead residential properties would face double the tax rate compared to homestead properties. The bill also establishes a School Construction Aid Special Fund, which would receive half of the revenue from the education property tax on nonhomestead residential properties.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text