Texas HB4194 amends the Tax Code to adjust the no-new-revenue tax rate for taxing units based on inflation.
Texas HB4194 amends the Tax Code to introduce a new section for adjusting the no-new-revenue tax rate for taxing units based on inflation. The comptroller will determine the inflation rate annually and publish it in the Texas Register. Each taxing unit must adjust its no-new-revenue tax rate according to this inflation rate. This adjustment mechanism takes effect starting with the 2026 tax year.
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