Texas HB91 reduces school district maintenance and operations ad valorem taxes using surplus state revenue.

Texas HB91 amends the Education Code to reduce school district maintenance and operations ad valorem taxes by utilizing surplus state revenue. The bill modifies the state compression percentage, allowing for lower tax rates if certain conditions are met. It also establishes a property tax relief fund to which surplus revenue is allocated. This fund can be used to provide property tax relief through the reduction of the state compression percentage. The changes take effect starting with the state fiscal biennium beginning September 1, 2027.

Texas HB91 reduces school district maintenance and operations ad valorem taxes using surplus state revenue.

Texas HB91 amends the Education Code to reduce school district maintenance and operations ad valorem taxes by utilizing surplus state revenue. The bill modifies the state compression percentage, allowing for lower tax rates if certain conditions are met. It also establishes a property tax relief fund to which surplus revenue is allocated. This fund can be used to provide property tax relief through the reduction of the state compression percentage. The changes take effect starting with the state fiscal biennium beginning September 1, 2027.