Bill Text: TX HB264 | 2025-2026 | 89th Legislature | Introduced
Bill Title: Relating to the dedication of certain surplus state revenue for ad valorem tax relief.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2025-02-27 - Referred to Appropriations [HB264 Detail]
Download: Texas-2025-HB264-Introduced.html
| 89R1047 KJE-D | ||
| By: Bell of Kaufman | H.B. No. 264 | |
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| relating to the dedication of certain surplus state revenue for ad | ||
| valorem tax relief. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. The heading to Subchapter G, Chapter 403, | ||
| Government Code, is amended to read as follows: | ||
| SUBCHAPTER G. FUNDS AND REVENUE DEDICATIONS | ||
| SECTION 2. Subchapter G, Chapter 403, Government Code, is | ||
| amended by adding Section 403.108 to read as follows: | ||
| Sec. 403.108. DEDICATION OF CERTAIN SURPLUS STATE REVENUE | ||
| FOR AD VALOREM TAX RELIEF. (a) Not later than the 90th day after | ||
| the last day of each state fiscal biennium, the comptroller shall | ||
| deposit to the credit of an account in the general revenue fund | ||
| general revenue in an amount equal to one-half of the amount by | ||
| which the total available general revenue for that biennium at the | ||
| end of the biennium exceeds the amount of total available general | ||
| revenue stated in the comptroller's biennial revenue estimate for | ||
| that biennium. | ||
| (b) Money in the account described by Subsection (a) may be | ||
| appropriated by the legislature only to provide ad valorem tax | ||
| relief. | ||
| SECTION 3. This Act applies beginning with the state fiscal | ||
| biennium beginning September 1, 2027. | ||
| SECTION 4. This Act takes effect September 1, 2025. | ||
