Texas HB228 allocates surplus state revenue to the property tax relief fund to reduce school district taxes.

Texas HB228 amends the Government Code to allocate surplus state revenue to the property tax relief fund. This fund is used to reduce school district maintenance and operations ad valorem taxes. The bill specifies that the comptroller shall deposit half of the surplus revenue into the fund. This change takes effect starting with the state fiscal biennium beginning September 1, 2027.

Texas HB228 allocates surplus state revenue to the property tax relief fund to reduce school district taxes.

Texas HB228 amends the Government Code to allocate surplus state revenue to the property tax relief fund. This fund is used to reduce school district maintenance and operations ad valorem taxes. The bill specifies that the comptroller shall deposit half of the surplus revenue into the fund. This change takes effect starting with the state fiscal biennium beginning September 1, 2027.