Texas HB5303 sets a supermajority vote requirement for adopting tax rates exceeding voter-approved rates and issuing bonds.

HB5303 amends Texas law to require a supermajority vote for taxing units to adopt an ad valorem tax rate exceeding the voter-approval tax rate following an election where the tax rate was not approved. Specifically, at least 80 percent of the governing body must approve the tax rate. The bill also mandates that at least 60 percent of the governing body must approve the issuance of general obligation bonds. These provisions apply to tax years beginning on or after the bill's effective date of January 1, 2026.

Texas HB5303 sets a supermajority vote requirement for adopting tax rates exceeding voter-approved rates and issuing bonds.

HB5303 amends Texas law to require a supermajority vote for taxing units to adopt an ad valorem tax rate exceeding the voter-approval tax rate following an election where the tax rate was not approved. Specifically, at least 80 percent of the governing body must approve the tax rate. The bill also mandates that at least 60 percent of the governing body must approve the issuance of general obligation bonds. These provisions apply to tax years beginning on or after the bill's effective date of January 1, 2026.