HB 264

89R1047 KJE-D
		By: Bell of Kaufman
  H.B. No. 264
  A BILL TO BE ENTITLED
  AN ACT
  relating to the dedication of certain surplus state revenue for ad
  valorem tax relief.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  The heading to Subchapter G, Chapter 403,
  Government Code, is amended to read as follows:
  SUBCHAPTER G.  FUNDS AND REVENUE DEDICATIONS
         SECTION 2.  Subchapter G, Chapter 403, Government Code, is
  amended by adding Section 403.108 to read as follows:
         Sec. 403.108.  DEDICATION OF CERTAIN SURPLUS STATE REVENUE
  FOR AD VALOREM TAX RELIEF.  (a)  Not later than the 90th day after
  the last day of each state fiscal biennium, the comptroller shall
  deposit to the credit of an account in the general revenue fund
  general revenue in an amount equal to one-half of the amount by
  which the total available general revenue for that biennium at the
  end of the biennium exceeds the amount of total available general
  revenue stated in the comptroller's biennial revenue estimate for
  that biennium.
         (b)  Money in the account described by Subsection (a) may be
  appropriated by the legislature only to provide ad valorem tax
  relief.
         SECTION 3.  This Act applies beginning with the state fiscal
  biennium beginning September 1, 2027.
         SECTION 4.  This Act takes effect September 1, 2025.