TX HB1030

Requires the comptroller to deposit 90% of surplus general revenue into the property tax relief fund when state general revenue exceeds 104% of the previous biennium's collections

Directs the commissioner of education to reduce the state compression percentage (which determines school district M&O tax rates) to the lowest possible level using property tax relief fund deposits and any additional appropriated money

Prohibits school districts from imposing tier one maintenance and operations taxes if the state compression percentage reaches zero, with the state fully funding districts as if they had collected those taxes

Restricts surplus revenue deposits to the property tax relief fund to be appropriated only to the Texas Education Agency for reducing the state compression percentage

Takes effect September 1, 2025, with provisions applying beginning with the state fiscal biennium starting September 1, 2027