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TX HB5276

TX HB5276
Relating to the dedication of certain state money for ad valorem tax relief.


summary

Introduced
03/14/2025
In Committee
04/07/2025
Crossed Over
Passed
Dead
06/02/2025

Introduced Session

89th Legislature Regular Session

Bill Summary

AN ACT relating to the dedication of certain state money for ad valorem tax relief.

AI Summary

This bill creates a new mechanism for providing property tax relief in Texas by dedicating federal border security reimbursement funds to ad valorem (property) tax reduction. Specifically, the comptroller will be required to determine the amount of federal money received by the state as reimbursement for border security costs in the preceding fiscal year, and then deposit an equivalent amount of general revenue into a dedicated account within the general revenue fund. The legislature can only appropriate money from this account for the purpose of providing ad valorem tax relief. The bill specifies that this process will begin in the state fiscal year starting September 1, 2027, with the bill itself taking effect on September 1, 2025. By creating this dedicated funding mechanism, the bill aims to provide a consistent and predictable source of funding for property tax reduction, linking border security reimbursements directly to taxpayer financial relief.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Appropriations (on 04/07/2025)

bill text


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