The bill amends the Texas Tax Code to enhance the transparency of school district ad valorem tax-related information. It introduces new requirements for county assessor-collectors to post specific financial data on their websites for school districts with local revenue levels exceeding entitlement. Subsections (d-3) and (d-4) mandate that these districts disclose the percentages of maintenance and operations taxes they are required to pay and those they are not required to pay under agreements for purchasing average daily attendance credits. Additionally, for districts not covered by (d-3), the bill requires the posting of percentages of maintenance and operations revenue derived from both current and preceding tax years.

Furthermore, the bill adds Subsections (d-6) and (d-7) to require that tax bills or separate statements include information about the same percentages for maintenance and operations revenue, directing taxpayers to the relevant online resources. This legislation aims to provide clearer insights into school funding and tax obligations, thereby promoting accountability and informed decision-making among taxpayers. The provisions of this Act will take effect on January 1, 2026.

Statutes affected:
Introduced: Tax Code 26.16, Tax Code 31.01 (Tax Code 26, Tax Code 31)