The bill, H.B. No. 281, proposes to postpone the effective date of certain changes in law that pertain to the impact of disasters and related costs on the calculation of specific tax rates, as well as the procedures for adopting these tax rates by taxing units. Specifically, it amends Section 4 of Chapter 209 from the 89th Legislature, changing the effective date from January 1, 2026, to January 1, 2028.

Additionally, the bill stipulates that it will take effect immediately if it receives a two-thirds majority vote from all elected members in both houses of the legislature. If the necessary vote for immediate effect is not achieved, the bill will take effect 91 days after the conclusion of the legislative session.