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TX HB3018
Bill
Status
2/19/2025
Primary Sponsor
Brent Money
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AI Summary
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Creates the Commission to Study Measures to Abolish Ad Valorem Taxes, a nine-member body composed of the comptroller of public accounts, three senators, three representatives, and two public members appointed by the governor
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Comptroller of public accounts serves as presiding officer, with comptroller's office staff providing support; members receive no compensation but are reimbursed for travel and necessary expenses
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Commission must study alternative taxation methods to replace revenue that political subdivisions (such as counties, cities, and school districts) would lose if property taxes are eliminated
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Report with study results and legislative recommendations due by December 1, 2026, to be submitted to the governor, lieutenant governor, speaker of the house, and relevant committee chairs
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Commission is abolished and the act expires September 1, 2027; effective immediately with two-thirds vote or September 1, 2025 otherwise
Legislative Description
Relating to a study of alternative methods of taxation to replace revenue lost to political subdivisions if ad valorem taxes are abolished.
Taxation
Last Action
Referred to Ways & Means
3/20/2025