Bill Summary

SB 282 Limitation on the Assessed Value of Property Owned and Used for Commercial Purposes by Small Businesses (2026 Session)
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Sponsors
by Bernard
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Summary
Limitation on the Assessed Value of Property Owned and Used for Commercial Purposes by Small Businesses; 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.
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committees of reference
Committee references not assigned.
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Actions
10/23/25
SENATE
Filed
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bill text & filed amendments
0282
Filed on 10/23/25
PDF
No amendments to this bill text filed.
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Statute Citations
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Research & Reports
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