HB68
Real property; effect on rate when assessment results in tax increase, consideration of inflation.
Status:
In House
Latest Action:
Jan. 28, 2026
House: Continued to next session in Finance (Voice Vote)
Chief Patron:
Joe McNamara (R)
Session:
2026 Regular Session
Summary
As Introduced. Local taxation of real property; effect on rate when assessment results in tax increase; consideration of inflation.
Provides that, in determining a locality's total real property tax levies for purposes of determining the rate of levy that the locality shall impose upon such properties in order to produce no more than 101 percent of the previous year's real property tax levies, such real property assessed value shall ... (More) be reduced by the greater of (i) the change in the United States Average Consumer Price Index for all items, all urban consumers (CPI-U), as published by the Bureau of Labor Statistics for the U.S. Department of Labor, since the fiscal year of the last assessment or (ii) zero. (Less)-
Bill History
- 12/30/2025 - House: Prefiled and ordered printed; Offered 01-14-2026 26101665D
- 12/30/2025 - House: Referred to Committee on Finance
- 01/16/2026 - House: Assigned HFIN sub: Subcommittee #2
- 01/18/2026 - House: Fiscal Impact statement From TAX (1/18/2026 4:49 pm)
- 01/19/2026 - House: Placed on Finance Agenda
- 01/23/2026 - House: Placed on Finance Agenda
- 01/27/2026 - House: House subcommittee offered
- 01/27/2026 - House: House subcommittee offered
- 01/27/2026 - House: Subcommittee recommends continuing to (Voice Vote)
- 01/27/2026 - House: Placed on Finance Agenda
- 01/28/2026 - House: Continued to next session in Finance (Voice Vote)
