By: Kerwin H.B. No. 2743
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. Subchapter G, Chapter 403, Government Code, is
amended by adding Section 403.108 to read as follows:
Sec. 403.108. DEDICATION OF SURPLUS GENERAL
REVENUE-RELATED FUNDS TO AD VALOREM TAX RELIEF. (a) From the
estimated ending certification balance in a state fiscal biennium,
less transfers, the comptroller shall, not later than the 90th day
of each biennium, transfer to a dedicated account in the general
revenue fund the greater of:
(1) $1.5 billion; or
(2) an amount equal to 10 percent of the estimated
ending certification balance in a state fiscal biennium, less
transfers.
(b) In addition to funds transferred to the account
described by subsection (a), the legislature may appropriate funds
to the account described by subsection (a) out of revenue available
for general-purpose spending through the upcoming biennium.
(c) Money deposited to the account described in subsection
(a) shall only be appropriated by the legislature to provide ad
valorem tax relief.
SECTION 2. This Act applies beginning with the state fiscal
biennium beginning on September 1, 2027.
SECTION 3. This Act takes effect September 1, 2025.