Bill > HB156

This bill amends the Texas Government Code to establish a new mechanism for allocating surplus state revenue to property tax relief. Specifically, the bill requires the state comptroller to deposit half of any excess general revenue at the end of a state fiscal biennium into a fund, with the condition that these funds can only be appropriated to the Texas Education Agency (TEA) for the purpose of reducing property taxes. The bill defines "excess" as the amount by which total available general revenue exceeds the original biennial revenue estimate. The new provision will take effect starting with the state fiscal biennium beginning September 1, 2027, and the bill itself will become effective 91 days after the end of the legislative session. By creating this automatic transfer mechanism, the bill aims to provide a predictable method for using state budget surpluses to lower school district maintenance and operations property taxes, potentially offering financial relief to property owners across Texas.

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=891&Bill=HB156