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Glossary of Legislative Terms

SJR 282: Limitation on the Assessed Value of Property Owned and Used for Commercial Purposes by Small Businesses

JOINT RESOLUTION by Bernard

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.

Last Action: 11/17/2025 Senate - Referred to Finance and Tax; Appropriations; Rules
Bill Text: Web Page | PDF
Senate Committee References:
  1. Finance and Tax (FT)
  2. Appropriations (AP)
  3. Rules (RC)


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Bill History

Date Chamber Action
10/23/2025 Senate • Filed
11/17/2025 Senate • Referred to Finance and Tax; Appropriations; Rules