Texas HB39 reduces school district maintenance and operations ad valorem taxes using surplus state revenue.
Texas HB39 amends the Education Code to reduce school district maintenance and operations ad valorem taxes by utilizing surplus state revenue. It modifies the state compression percentage calculation and allows for the appropriation of surplus funds for property tax relief. The changes take effect starting with the state fiscal biennium beginning September 1, 2027.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.