Proposing a constitutional amendment to abolish ad valorem taxes in Texas.

This bill proposes a constitutional amendment to abolish ad valorem taxes in Texas. It would prohibit any political subdivision from imposing such taxes on real or personal property starting January 1, 2031. The state would take responsibility for guaranteeing the repayment of certain bonds issued by school districts before November 4, 2025, secured by ad valorem tax revenue before January 1, 2031. The amendment will be submitted to voters in the November 4, 2025 election.

Proposing a constitutional amendment to abolish ad valorem taxes in Texas.

This bill proposes a constitutional amendment to abolish ad valorem taxes in Texas. It would prohibit any political subdivision from imposing such taxes on real or personal property starting January 1, 2031. The state would take responsibility for guaranteeing the repayment of certain bonds issued by school districts before November 4, 2025, secured by ad valorem tax revenue before January 1, 2031. The amendment will be submitted to voters in the November 4, 2025 election.