PROP TX-TAX DISTRICT SURPLUS

Session: 104th General Assembly
Year: 2025
Bill #: HB1321
Category: Revenue
Position: Oppose
Mandate?
Revenue Loss?
Authority Preemption?

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Summary as Introduced

Amends the Property Tax Code. Provides that no taxing district may hold more than 150% of the previous levy year's property tax collections in cash or cash-equivalent assets. Provides that excess amounts shall be refunded to taxpayers. Effective immediately.



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