Texas HB220 requires supermajority approval for taxing units to set tax rates above voter-approved levels or issue tax bonds.

Texas HB220 mandates that a taxing unit's governing body must secure at least 80% approval to adopt an ad valorem tax rate exceeding the voter-approved rate or issue tax bonds. This applies to tax years following elections where the tax rate was not approved by voters. The bill also requires at least 60% approval for issuing general obligation bonds. These provisions apply to tax years beginning after the bill's effective date.

Texas HB220 requires supermajority approval for taxing units to set tax rates above voter-approved levels or issue tax bonds.

Texas HB220 mandates that a taxing unit's governing body must secure at least 80% approval to adopt an ad valorem tax rate exceeding the voter-approved rate or issue tax bonds. This applies to tax years following elections where the tax rate was not approved by voters. The bill also requires at least 60% approval for issuing general obligation bonds. These provisions apply to tax years beginning after the bill's effective date.