89R1325 KJE-D
By: Curry H.B. No. 5276
A BILL TO BE ENTITLED
AN ACT
relating to the dedication of certain state money 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 STATE MONEY FOR AD
VALOREM TAX RELIEF. (a) Not later than the 90th day of each state
fiscal year, the comptroller shall:
(1) determine the amount of money received from the
federal government by this state during the preceding state fiscal
year as reimbursement for border security costs incurred by this
state; and
(2) deposit an amount of general revenue equal to the
amount determined under Subdivision (1) to the credit of an account
in the general revenue fund.
(b) Money in the account described by Subsection (a)(2) may
be appropriated by the legislature only to provide ad valorem tax
relief.
SECTION 3. This Act applies beginning with the state fiscal
year beginning September 1, 2027.
SECTION 4. This Act takes effect September 1, 2025.