Bill
Bill > HB5276
summary
Introduced
03/14/2025
03/14/2025
In Committee
04/07/2025
04/07/2025
Crossed Over
Passed
Dead
06/02/2025
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
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB5276 |
BillText | https://capitol.texas.gov/tlodocs/89R/billtext/html/HB05276I.htm |
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