Texas HB67 allocates surplus state revenue to the property tax relief fund to reduce school district taxes.
Texas HB67 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 comptroller will deposit half of the surplus revenue into the fund. This change takes effect starting with the state fiscal biennium beginning September 1, 2027.
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