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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 2024-2025 rates go into effect on July 1, 2024. FISCAL YEAR 2023-2024 2024-2025 Residential* $1.56 $1.63 Non-Residential* $0.78 $0.82 Non-Residential Max $39,100 $40,800 *Dollars per square foot