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A BILL TO BE ENTITLED
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AN ACT
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relating to the dedication of certain state money for ad valorem tax |
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relief. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. The heading to Subchapter G, Chapter 403, |
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Government Code, is amended to read as follows: |
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SUBCHAPTER G. FUNDS AND REVENUE DEDICATIONS |
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SECTION 2. Subchapter G, Chapter 403, Government Code, is |
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amended by adding Section 403.108 to read as follows: |
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Sec. 403.108. DEDICATION OF CERTAIN STATE MONEY FOR AD |
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VALOREM TAX RELIEF. (a) Not later than the 90th day of each state |
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fiscal year, the comptroller shall: |
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(1) determine the amount of money received from the |
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federal government by this state during the preceding state fiscal |
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year as reimbursement for border security costs incurred by this |
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state; and |
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(2) deposit an amount of general revenue equal to the |
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amount determined under Subdivision (1) to the credit of an account |
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in the general revenue fund. |
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(b) Money in the account described by Subsection (a)(2) may |
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be appropriated by the legislature only to provide ad valorem tax |
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relief. |
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SECTION 3. This Act applies beginning with the state fiscal |
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year beginning September 1, 2027. |
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SECTION 4. This Act takes effect September 1, 2025. |