Bill > HB234

This bill makes permanent the limitation on increases in the appraised value of certain real property for ad valorem tax purposes. Specifically, the bill removes the expiration date for the "circuit breaker" tax provision that prevents the appraised value of non-residential real property from increasing by more than 20% each year. The bill amends the tax code to remove language referencing temporary limitations for the 2024-2026 tax years and eliminates references to the provision's expiration. However, the bill's implementation is contingent upon voters approving a constitutional amendment authorizing the legislature to make this limitation permanent. If the constitutional amendment is not approved, the bill will have no effect. The bill is set to take effect on January 1, 2027, and would apply to property appraisals for tax years beginning on or after that date. Additionally, the bill repeals several related sections of previous legislative acts that would have modified tax code provisions in 2027.

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=891&Bill=HB234