Bill Text: TX SB403 | 2025-2026 | 89th Legislature | Introduced
Bill Title: Relating to the dedication of certain state money for ad valorem tax relief.
Sponsorship: Partisan Bill (Republican 2)
Status: (Introduced - Dead) 2025-02-19 - Co-author authorized [SB403 Detail]
Download: Texas-2025-SB403-Introduced.html
| 89R1325 KJE-D | ||
| By: Middleton | S.B. No. 403 | |
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| relating to the dedication of certain state money 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 STATE MONEY FOR AD | ||
| VALOREM TAX RELIEF. (a) Not later than the 90th day of each state | ||
| fiscal year, the comptroller shall: | ||
| (1) determine the amount of money received from the | ||
| federal government by this state during the preceding state fiscal | ||
| year as reimbursement for border security costs incurred by this | ||
| state; and | ||
| (2) deposit an amount of general revenue equal to the | ||
| amount determined under Subdivision (1) to the credit of an account | ||
| in the general revenue fund. | ||
| (b) Money in the account described by Subsection (a)(2) may | ||
| be appropriated by the legislature only to provide ad valorem tax | ||
| relief. | ||
| SECTION 3. This Act applies beginning with the state fiscal | ||
| year beginning September 1, 2027. | ||
| SECTION 4. This Act takes effect September 1, 2025. | ||
