TX HB4270

Authorizes taxing units other than municipalities or counties, including school districts, to enter into tax abatement agreements with homeowners whose residence homesteads are located in designated reinvestment zones

Limits eligibility to property owners who occupied the residence homestead for the first time no earlier than one year before entering into the abatement agreement

Allows tax abatement for up to 10 years, with the condition that property owners spend at least $500 on improvements or repairs to the property during the first year of the agreement

Requires agreements to include provisions for taxing unit inspection access, recapture of lost tax revenue if improvements are not made, and the ability for the taxing unit to cancel or modify the agreement for non-compliance

Takes effect September 1, 2025