Proposing a constitutional amendment to dedicate a portion of state sales and use tax revenue to the Texas water fund.

This bill proposes a constitutional amendment to dedicate a portion of the revenue derived from state sales and use taxes to the Texas water fund. The comptroller of public accounts will deposit the net revenue exceeding $48 billion into the fund, with a cap of $1 billion per fiscal year. The legislature can adjust the deposit amount by a two-thirds vote. The comptroller's duty to make deposits expires in 2035, but the legislature can extend it in 10-year increments with a majority vote. The amendment will be submitted to voters in the November 4, 2025 election.

Proposing a constitutional amendment to dedicate a portion of state sales and use tax revenue to the Texas water fund.

This bill proposes a constitutional amendment to dedicate a portion of the revenue derived from state sales and use taxes to the Texas water fund. The comptroller of public accounts will deposit the net revenue exceeding $48 billion into the fund, with a cap of $1 billion per fiscal year. The legislature can adjust the deposit amount by a two-thirds vote. The comptroller's duty to make deposits expires in 2035, but the legislature can extend it in 10-year increments with a majority vote. The amendment will be submitted to voters in the November 4, 2025 election.