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School Construction Excise Tax Notice of Fee Increase Senate Bill 1036 establishes the State-wide school Construction Excise Tax rate. The fiscal year 2025-2026 rates go into effect on July 11, 2025. FISCAL YEAR 2024-2025 2025-2026 Residential* $1.63 $1.67 Non-Residential* $0.82 $0.84 Non-Residential Max $40,800 $41,800 *Dollars per square foot