| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 89R1325 KJE-D | |
| 2 | 2 | By: Middleton S.B. No. 403 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | A BILL TO BE ENTITLED | |
| 8 | 8 | AN ACT | |
| 9 | 9 | relating to the dedication of certain state money for ad valorem tax | |
| 10 | 10 | relief. | |
| 11 | 11 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 12 | 12 | SECTION 1. The heading to Subchapter G, Chapter 403, | |
| 13 | 13 | Government Code, is amended to read as follows: | |
| 14 | 14 | SUBCHAPTER G. FUNDS AND REVENUE DEDICATIONS | |
| 15 | 15 | SECTION 2. Subchapter G, Chapter 403, Government Code, is | |
| 16 | 16 | amended by adding Section 403.108 to read as follows: | |
| 17 | 17 | Sec. 403.108. DEDICATION OF CERTAIN STATE MONEY FOR AD | |
| 18 | 18 | VALOREM TAX RELIEF. (a) Not later than the 90th day of each state | |
| 19 | 19 | fiscal year, the comptroller shall: | |
| 20 | 20 | (1) determine the amount of money received from the | |
| 21 | 21 | federal government by this state during the preceding state fiscal | |
| 22 | 22 | year as reimbursement for border security costs incurred by this | |
| 23 | 23 | state; and | |
| 24 | 24 | (2) deposit an amount of general revenue equal to the | |
| 25 | 25 | amount determined under Subdivision (1) to the credit of an account | |
| 26 | 26 | in the general revenue fund. | |
| 27 | 27 | (b) Money in the account described by Subsection (a)(2) may | |
| 28 | 28 | be appropriated by the legislature only to provide ad valorem tax | |
| 29 | 29 | relief. | |
| 30 | 30 | SECTION 3. This Act applies beginning with the state fiscal | |
| 31 | 31 | year beginning September 1, 2027. | |
| 32 | 32 | SECTION 4. This Act takes effect September 1, 2025. |