Texas HB152 establishes a commission to study alternative taxation methods to replace lost revenue if ad valorem taxes are abolished.

Texas HB152 creates the Commission to Study Measures to Abolish Ad Valorem Taxes. This commission will explore alternative taxation methods to replace revenue lost to political subdivisions if ad valorem taxes are abolished. The commission, composed of nine members, includes the comptroller of public accounts, three senators, three representatives, and two public members. The commission will issue a report by December 1, 2026, detailing findings and legislative recommendations. The act takes effect immediately if approved by two-thirds of the legislature or 91 days after the session's end.

Texas HB152 establishes a commission to study alternative taxation methods to replace lost revenue if ad valorem taxes are abolished.

Texas HB152 creates the Commission to Study Measures to Abolish Ad Valorem Taxes. This commission will explore alternative taxation methods to replace revenue lost to political subdivisions if ad valorem taxes are abolished. The commission, composed of nine members, includes the comptroller of public accounts, three senators, three representatives, and two public members. The commission will issue a report by December 1, 2026, detailing findings and legislative recommendations. The act takes effect immediately if approved by two-thirds of the legislature or 91 days after the session's end.