Providing for a property tax exemption from local government levies to the extent of the first $100,000 of appraised value for certain owner-occupied homes and authorizing local governments to propose a ballot question to opt out of such property tax exemption.

1. **ONE-SENTENCE SUMMARY:** This bill proposes a property tax exemption for the first $100,000 of appraised value for certain owner-occupied homes, while allowing local governments to opt out through a ballot question. 2. **KEY REQUIREMENTS:** - No action is required from businesses at this time since the bill is still in the introduction stage. - Stay informed about local government decisions regarding the potential opt-out ballot. 3. **DEADLINES:** - The bill is currently introduced; monitor for updates on its passage and any effective dates that may be established. 4. **PENALTIES:** - There are no specific penalties outlined for businesses in this bill since it primarily affects property tax exemptions for homeowners. 5. **SMB IMPACT:** While this bill does not directly impose requirements on small businesses, changes in local property tax revenues could affect community funding and services that businesses rely on. Stay engaged with local government discussions as they may impact your business environment.