The act modifies the state property tax deferral program (program) under which the state makes a secured loan to a qualified taxpayer to pay property taxes owed for the taxpayer's homestead by: Again limiting eligibility for the program to seniors and persons called into active military service, who, until a 2021 program expansion also allowed otherwise nonqualifying taxpayers whose property tax had increased by at least a specified percentage to participate, had been the only eligible individuals; and Shifting portions of the responsibility for the administration of the program that had been shifted from the county treasurers to the state treasurer in 2022 back to the county treasurers. For the 2025-26 state fiscal year, $160,826 is appropriated from the general fund to the department of the treasury for operating expenses related to the implementation of the act. (Note: This summary applies to this bill as enacted.)