Texas HB106 proposes to abolish ad valorem taxes and establish a committee to study and recommend alternatives.

Texas HB106 aims to eliminate ad valorem taxes and establish a joint interim committee to study and recommend alternatives. The committee, composed of five members from the House and five from the Senate, will analyze the impact of abolishing ad valorem taxes and propose solutions to replace lost revenue. The committee will submit a report by December 1, 2026, and the bill will only take effect if a constitutional amendment to abolish ad valorem taxes is approved by voters. The abolition of ad valorem taxes will not affect tax liabilities accruing before January 1, 2031.

Texas HB106 proposes to abolish ad valorem taxes and establish a committee to study and recommend alternatives.

Texas HB106 aims to eliminate ad valorem taxes and establish a joint interim committee to study and recommend alternatives. The committee, composed of five members from the House and five from the Senate, will analyze the impact of abolishing ad valorem taxes and propose solutions to replace lost revenue. The committee will submit a report by December 1, 2026, and the bill will only take effect if a constitutional amendment to abolish ad valorem taxes is approved by voters. The abolition of ad valorem taxes will not affect tax liabilities accruing before January 1, 2031.