Texas HB77 repeals school district maintenance and operations ad valorem taxes, enacts state and local value added taxes, and reforms school finance.
Texas HB77 repeals the authority of school districts to impose ad valorem taxes for maintenance and operations, effective January 1, 2030, contingent on voter approval of a constitutional amendment. It enacts state and local value added taxes, administered by the comptroller, with a maximum combined rate of two percent for local taxes and 0.5 percent for school district enrichment value added taxes. The bill also mandates the commissioner of education to assist school districts in transitioning to state funding and enrichment value added tax revenue.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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