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 required and not required to be paid under agreements for purchasing average daily attendance credits. Additionally, for districts not covered by (d-3), they must provide information on the sources of their maintenance and operations revenue, including percentages derived from taxes and state funds for both the current and preceding tax years.

Further amendments in Subsections (d-6) and (d-7) require tax bills or separate statements to include a notice directing taxpayers to the county's website for accessing the aforementioned financial information. This ensures that taxpayers are informed about how their school district's funding is structured and where they can find detailed financial data. The bill is set to take effect on January 1, 2026.

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