The Senate Committee on Finance meeting focused on several bills including House Bill 1058, which relates to tax credits for housing developments and was reported favorably to the full Senate. During the meeting, discussion also took place on House Bill 4520 regarding the employment and retirement consequences for educators involved in harmful material offenses, which also received favorable recommendations. The committee engaged in voting on various bills, ultimately moving multiple bills forward for consideration by the full Senate.
Relating to the applicability of the law governing the provision of state aid to certain local governments disproportionately affected by the granting of ad valorem tax relief to disabled veterans.
Relating to the creation and re-creation of funds and accounts, the dedication and rededication of revenue and allocation of accrued interest on dedicated revenue, and the exemption of unappropriated money from use for general governmental purposes.
Relating to directing payment, after approval, of certain miscellaneous claims and judgments against the state out of funds designated by this Act; making appropriations.
Proposing a constitutional amendment authorizing the 88th Legislature to provide a cost-of-living adjustment to certain annuitants of the Teacher Retirement System of Texas.