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 a new income tax surcharge for individuals earning over $250,000, and a wealth proceeds tax for individuals, estates, and trusts with income above certain limits. It also creates a new property tax classification for nonhomestead residential properties, which would be taxed at double the rate of homestead properties. Additionally, the bill 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