Bill > HJR33

This joint resolution proposes a constitutional amendment to establish a Property Tax Reduction Fund in Texas, which would be administered by the state comptroller and funded primarily through sales tax revenue. Specifically, the fund would receive 60 percent of sales tax revenue that exceeds the state's spending limit for each fiscal biennium. The primary purpose of the fund is to reduce school district maintenance and operations ad valorem (property) taxes, with any surplus funds potentially being used to reduce other state taxes. The resolution includes a provision to transfer 90 percent of federal border security reimbursement money to the fund on July 1, 2026, and specifies that the fund's mechanism will take effect in the state fiscal biennium beginning September 1, 2027. The proposed amendment will be submitted to Texas voters at an election on May 2, 2026, where voters will decide whether to approve the creation of this dedicated property tax reduction fund.

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=891&Bill=HJR33