Texas HB2194 proposes to repeal school district maintenance and operations ad valorem taxes and replace them with state and local value added taxes.
Texas HB2194 aims to overhaul the state's tax system and school finance by repealing school district maintenance and operations ad valorem taxes and introducing state and local value added taxes. The bill prohibits school districts from imposing ad valorem taxes for maintenance and operations purposes, effective January 1, 2030, contingent on a constitutional amendment. It authorizes school districts to adopt an enrichment value added tax at a rate not exceeding 0.5 percent to enrich educational opportunities.
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- Legal Framework
- Critical Issues
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