SB 403
AN ACT relating to the dedication of certain state money for ad valorem tax
Senate Bill • Middleton
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to Senate committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
relating to the dedication of certain state money for ad valorem tax
Subject Areas
Bill Text
relating to the dedication of certain state money for ad valorem tax 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 (2) deposit an amount of general revenue equal to the amount determined under Subdivision (1) to the credit of an account (b) Money in the account described by Subsection (a)(2) may be appropriated by the legislature only to provide ad valorem tax SECTION 3. This Act applies beginning with the state fiscal year 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 state money for ad valorem tax
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