Texas SB403 dedicates federal reimbursements for border security costs to ad valorem tax relief.

Texas SB403 amends the Government Code to create a dedicated fund for ad valorem tax relief. Each fiscal year, the comptroller must determine the amount of federal reimbursements for border security costs and deposit an equal amount of general revenue into a dedicated account. This account's funds can only be used for ad valorem tax relief. The changes apply starting with the fiscal year beginning September 1, 2027, and the act takes effect September 1, 2025.

Texas SB403 dedicates federal reimbursements for border security costs to ad valorem tax relief.

Texas SB403 amends the Government Code to create a dedicated fund for ad valorem tax relief. Each fiscal year, the comptroller must determine the amount of federal reimbursements for border security costs and deposit an equal amount of general revenue into a dedicated account. This account's funds can only be used for ad valorem tax relief. The changes apply starting with the fiscal year beginning September 1, 2027, and the act takes effect September 1, 2025.