2025 bills / S.B. 295
S.B. 295 Property Tax Modifications (2025)
- Introduced
- Senate committee
- Senate vote
- House committee
- House vote
- Signed into law
What this bill does
AI summary from the official description
The bill lets a local taxing entity that cuts its budget below last year's budgeted revenue later raise its budget back up to the base-year level over five years without following the usual truth-in-taxation notice and public hearing steps. It also ends the requirement that part of the statewide multicounty assessing and collecting levy go to county distributions through the Property Tax Valuation Fund, sending that money to the Multicounty Appraisal Trust instead.
About this summary
Quotes come from the official recordings' automatic captions, and plain-English summaries are written by AI from the official record. A person reviews them, but always check the recording before quoting anyone; every quote links to its moment in the video.
Check the official text below.
Official description
- allows a taxing entity that reduces the taxing entity's budget below the previous year's budgeted revenue to increase, for a period of five years, the budget up to the base year budget without complying with the truth in taxation notice and public hearing requirements
- repeals the requirement for a portion of revenue generated by the statewide multicounty assessing and collecting levy to be set aside for county distributions through the Property Tax Valuation Fund and redirects the set aside amount to the Multicounty Appraisal Trust
- makes technical changes
Your legislators on this bill
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What members get
- An alert the day S.B. 295 is put on a committee agenda, with time and room, so you can be there to speak
- When S.B. 295 is rewritten, exactly which words changed
- Its hearings in your own calendar
- Your own scorecard: pick the side you favor and see how every legislator voted
Every vote
- 4 yes, 0 no, 3 absentSenate Revenue and Taxation Committee: vote to change the bill · Feb 20, 2025Who voted how
- 4 yes, 0 no, 3 absentSenate Revenue and Taxation Committee: vote to approve it · Feb 20, 2025Who voted how
- 24 yes, 0 no, 5 absentFirst of two Senate votes · Feb 24, 2025Who voted how
- 24 yes, 0 no, 5 absentFinal Senate vote · Feb 25, 2025Who voted how
- 10 yes, 0 no, 1 absentHouse Revenue and Taxation Committee: vote to change the bill · Mar 3, 2025Who voted how
- 10 yes, 0 no, 1 absentHouse Revenue and Taxation Committee: vote to approve it · Mar 3, 2025Who voted how
- 67 yes, 0 no, 8 absentFinal House vote · Mar 7, 2025Who voted how
- 26 yes, 0 no, 3 absentSenate vote to accept the other chamber's changes · Mar 7, 2025Who voted how