HB 264

AN ACT relating to the dedication of certain surplus state revenue for ad

House Bill
Filed

Filed

Bill introduced by legislator

Committee

Hearing

Passed Cmte

Calendar

Passed

Sent

Enrolled

Governor

Signed

89th Regular Session

Jan 14, 2025 - Jun 2, 2025 • Session ended

Awaiting Committee Assignment

Bill filed, pending referral to House committee

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Committee

Not yet assigned

Fiscal Note

Not available

What This Bill Does

relating to the dedication of certain surplus state revenue for ad

Subject Areas

State Finances--Budget Education--Primary & Secondary--Finance Taxation--Property-Assessment & Collection COMPTROLLER OF PUBLIC ACCOUNTS Taxation--Property-Tax Rate Taxation--School District

Bill Text

relating to the dedication of certain surplus state revenue for ad
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
(b)  Money in the account described by Subsection (a) may be
appropriated by the legislature only to provide ad valorem tax
SECTION 3.  This Act applies beginning with the state fiscal
biennium beginning September 1, 2027.
SECTION 4.  This Act takes effect September 1, 2025.

Bill History

filed

Bill filed: AN ACT relating to the dedication of certain surplus state revenue for ad

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