On June 27, 2023, Gov. Greg Abbott called a second extraordinary session of the 88th Texas Legislature to convene to consider and act upon two items:
• Legislation to cut property tax rates solely by reducing the school district maximum compressed tax rate to provide lasting property tax relief for Texas taxpayers; and
• Legislation to put Texas on a pathway to eliminating school district maintenance and operations property taxes.
In response to the called extraordinary session, both the Senate and House have filed and acted upon their respective bill versions through Senate Bill 1 and House Bill 1. Currently SB1 is now awaiting action by the House and HB1 is awaiting action by the Senate to resolve differences between the two bills.
Based on information received, the comparison chart below shows the two bill versions sideby- side and their approaches to addressing the Governor’s action items.