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TX SB2370
Bill
Status
3/12/2025
Primary Sponsor
Robert Nichols
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AI Summary
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Requires the Comptroller of Public Accounts to estimate a school district's "lost revenue" when the comptroller determines the district's local property value is not valid during the annual property value study
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Defines "lost revenue" as money unavailable to a school district due to reduced state aid or adjustments to local revenue limits that occur when the state value is substituted for the district's taxable value
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Mandates the comptroller consult with the Commissioner of Education when calculating the lost revenue estimate
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Requires the comptroller to provide the lost revenue estimate to the school district's board of trustees
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Takes effect January 1, 2026, and applies only to property value studies conducted for tax years beginning on or after that date
Legislative Description
Relating to the duty of the comptroller of public accounts to provide certain information to a school district if the comptroller determines in the study of the total taxable value of property in the district that the local value for the district is not valid.
Taxation
Last Action
Referred to Education K-16
3/25/2025