HB 7031-E: Taxation
GENERAL BILL by Duggan
Taxation; Revises provisions related to taxation including special districts; ad valorem taxation, notice of disapproval, rental of homestead, affordable housing tax exemption, millage rate adoption, vacation rental transactions, sales tax exemptions, tax credits & deductions, corporate income tax, taxable income, license fee for permitholders, slot machine revenue tax, tax rates for alcoholic beverages, surplus lines tax, disclosure of estimated ad valorem tax, cardroom operation tax, & tax exemption for leased property.
Effective Date: Except as otherwise provided by this act, and except this section, which shall take effect upon becoming a law, this act shall take effect July 1, 2026.
Last Action: 5/5/2026 House - Bill referred to House Calendar
Bill Text: PDF
Last Action: 5/5/2026 House - Bill referred to House Calendar
Bill Text: PDF
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Bill History
Date Chamber Action 5/5/2026 House • Filed
• Bill referred to House Calendar
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HB 7031-E, Original Filed Version (Current Bill Version) Posted 5/5/2026 at 3:40 PM
Bill Text: PDF Analyses: Ways & Means Committee (Post-Meeting) 5/5/2026 (pdf)
Citations - Statutes (30)
Citation Catchline Location in Bill Location In Bill Help 163.387 Redevelopment trust fund. Page 6 (pdf) 193.155 Homestead assessments. Page 7 (pdf) 193.626 Page 9 (pdf) 196.011 Annual application required for exemption. Page 11 (pdf) 196.012 Definitions. Page 11 (pdf) 196.061 Rental of homestead to constitute abandonment. Page 15 (pdf) 196.151 Homestead exemptions; approval, refusal, hearings. Page 16 (pdf) 196.193 Exemption applications; review by property appraiser. Page 18 (pdf) 196.19781 Affordable housing exemption for properties owned by this state. Page 19 (pdf) 200.065 Method of fixing millage. Page 19 (pdf) 212.03 Transient rentals tax; rate, procedure, enforcement, exemptions. Page 22 (pdf) 212.08 Sales, rental, use, consumption, distribution, and storage tax; specified exemptions. Page 24 (pdf) 212.1832 Credit for contributions to eligible nonprofit scholarship-funding organizations. Page 31 (pdf) 220.02 Legislative intent. Page 32 (pdf) 220.03 Definitions. Page 33 (pdf) 220.13 “Adjusted federal income” defined. Page 34 (pdf), Page 38 (pdf) 220.1856 Page 42 (pdf) 220.1915 Credit for qualified railroad reconstruction or replacement expenditures. Page 43 (pdf) 402.261 Child care tax credits. Page 43 (pdf) 402.62 Strong Families Tax Credit. Page 44 (pdf) 420.951 Page 46 (pdf) 420.952 Page 47 (pdf) 551.106 License fee; tax rate; penalties. Page 51 (pdf) 563.01 Definitions. Page 53 (pdf) 563.05 Excise taxes on malt beverages. Page 53 (pdf) 624.509 Premium tax; rate and computation. Page 55 (pdf) 624.51065 Page 56 (pdf) 626.932 Surplus lines tax. Page 56 (pdf) 689.261 Sale of residential property; disclosure of ad valorem taxes to prospective purchaser. Page 57 (pdf) 849.086 Cardrooms authorized. Page 60 (pdf) Citations - Chapter Law (1)
Chapter Law Section Amended Location in Bill Location In Bill Help 2024-158 Section 21 Page 66 (pdf)