TX HB3037

Requires the comptroller to calculate the portion of the state's ending certification balance for the biennium ending August 31, 2025, that is attributable to sales and use tax revenue

Directs the comptroller to estimate the projected ending certification balance for the biennium ending August 31, 2027, from sales and use taxes at the current rate

Triggers a temporary sales tax rate reduction if the projected 2027 biennium surplus from sales taxes exceeds 50% of the 2025 biennium surplus amount

Sets the reduced tax rate at whatever level would bring the projected 2027 surplus down to exactly 50% of the 2025 surplus, with the comptroller required to publish this rate in the Texas Register and notify permit holders

Applies the temporary rate reduction only during the state fiscal biennium ending August 31, 2027, with the provision expiring December 1, 2027