S0282Introduced in the Senate
Limitation on the Assessed Value of Property Owned and Used for Commercial Purposes by Small Businesses
Introduced by Mackenson Bernard, District 24
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Proposing amendments to the State Constitution to limit the assessed value of real property owned and used for commercial purposes by a small business for ad valorem taxation purposes so that such assessed value may not exceed 3 percent or the percentage change in the Consumer Price Index, whichever is lower, and to provide an effective date, etc.
Where it stands
Died in Finance and Tax
March 13, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Filed
Referred to Finance and Tax; Appropriations; Rules
Introduced
Died in Finance and Tax
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