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TX HB264
Bill
Status
Introduced
11/12/2024
Primary Sponsor
Keith Bell
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AI Summary
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Requires the comptroller to deposit one-half of surplus general revenue into a dedicated account 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 money in the dedicated account to be appropriated only for ad valorem (property) tax relief purposes
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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 dedication of certain surplus state revenue for ad valorem tax relief.
State Finances
Last Action
Referred to Appropriations
2/27/2025
Committee Referrals
Appropriations2/27/2025
Full Bill Text
No bill text available