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HB 264 (89R): Relating to the dedication of certain surplus state revenue for ad valorem tax relief.

89th Legislature, regular session · filed 2024-11-12 · Latest: Referred to Appropriations: Feb 27 2025 11:13AM

texasstate-bill

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Official caption

Relating to the dedication of certain surplus state revenue for ad valorem tax relief.

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A “Aye” vote

If it passes both chambers and the governor signs it (or does not veto it), it becomes Texas law.

A “Nay” vote

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PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Relating to the dedication of certain surplus state revenue for ad valorem tax relief.

Source: Texas Legislature Online bill history XML (Texas Legislative Council), ftp://ftp.legis.state.tx.us/bills/89R/billhistory/

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Officials and money

Authors: Bell, Keith

Bill history (latest 3 steps)

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Words on this page, explained (3)
Ad valorem
Latin for "according to value." An ad valorem tax is a percentage of what something is worth. Texas property taxes are ad valorem taxes: they are based on the appraised value of a home, land or business property. Florida property taxes are ad valorem taxes too.
Appropriation
Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Veto
The power of a president or governor to reject a bill passed by the legislature. Lawmakers can override a veto with a large enough vote (two-thirds of each chamber in Congress).

Plain meanings written from linked sources. All words.

Sources

Record st-tx-89r-hb264 · catalog st-tx-tlo-bills-89r · updated 2026-11-03 by psicol tx-bills