Texas HB218 allocates surplus state revenue to the property tax relief fund for reducing school district taxes.

Texas HB218 amends the Government Code to allocate surplus state revenue exceeding 104 percent of the previous biennium's total to the property tax relief fund. This surplus revenue is to be deposited by the comptroller and can only be used by the Texas Education Agency for property tax relief. The changes take effect starting with the state fiscal biennium beginning September 1, 2027.

Texas HB218 allocates surplus state revenue to the property tax relief fund for reducing school district taxes.

Texas HB218 amends the Government Code to allocate surplus state revenue exceeding 104 percent of the previous biennium's total to the property tax relief fund. This surplus revenue is to be deposited by the comptroller and can only be used by the Texas Education Agency for property tax relief. The changes take effect starting with the state fiscal biennium beginning September 1, 2027.