Senate Bill 403 revises the requirements for the notices of current assessment for ad valorem taxation of property. The bill removes the requirement of including an estimate of the current year's taxes for all levying authorities. Senate Bill 403 also removes the requirement that each notice of assessment must have a statement printed in bold letters notifying the property owner that the estimate of his or her ad valorem tax bill for the current year is based on the previous or most applicable year's millage rate and the fair market value.