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TX SB2478
Bill
Status
3/13/2025
Primary Sponsor
Paul Bettencourt
Click for details
AI Summary
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Increases the required supermajority vote from 60% to 75% of governing body members for non-school district taxing units to adopt a property tax rate exceeding the no-new-revenue tax rate
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Increases the required supermajority vote from 60% to 75% for school districts to adopt a tax rate exceeding the calculated threshold under Education Code Section 44.004(c)(5)(A)(ii)
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Requires at least 75% of governing body members to vote in favor before a political subdivision can issue general obligation bonds
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Applies to general obligation bonds authorized on or after the effective date and to tax years beginning on or after the effective date
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Takes effect January 1, 2026
Legislative Description
Relating to the vote required by the governing body of a political subdivision to adopt an ad valorem tax rate that exceeds the no-new-revenue tax rate or to authorize the issuance of tax bonds.
Taxation
Last Action
Referred to Local Government
4/3/2025