This legislation revises the notice that is required under the Taxpayer Bill of Rights when a local government proposes a millage rate above the roll back rate, resulting in increased property tax revenue from the previous year. The revised notice would differentiate between the causes of the increased revenue, informing the public whether the increase is resulting from an increase in the assessed value of properties in a jurisdiction, the local government raising the millage rate, or a combination of both. 

The bill also provides an exemption from the notice procedures for local governments that have a floating homestead exemption.