ID H0074

Transfers $50 million from the bond levy equalization fund to the homeowner property tax relief account for fiscal year 2025, with remaining bond levy equalization fund balance transferred to the general fund

Changes annual tax relief fund distributions to transfer 20% of annual distributions plus $50 million to the school district facilities fund at the end of each fiscal year (previously a one-time FY2025 provision)

Continues the annual $39 million transfer from the tax relief fund to the state public defense fund, making permanent what was previously tied to specific fiscal years

Caps annual transfers from the tax relief fund to the general fund at $236 million or the remaining balance, whichever is less

Declared an emergency measure, taking effect immediately upon passage and approval