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TX HB228
Bill
Status
11/12/2024
Primary Sponsor
Cecil Bell
Click for details
AI Summary
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Requires the comptroller to deposit one-half of surplus general revenue into the property tax relief fund within 90 days after each state fiscal biennium ends, with "surplus" defined as actual revenue exceeding the comptroller's biennial revenue estimate
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Restricts the deposited surplus funds to appropriation only to the Texas Education Agency for property tax relief through reduction of the state compression percentage for school district maintenance and operations taxes
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Applies beginning with the state fiscal biennium starting September 1, 2027
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Takes effect September 1, 2025
Legislative Description
Relating to the allocation and deposit of certain surplus state revenue to the property tax relief fund for use in reducing school district maintenance and operations ad valorem taxes.
State Finances
Last Action
Referred to Appropriations
2/27/2025