HB116 — Relating to the repeal of or limitations on certain state and local taxes, including school district maintenance and operations ad valorem taxes, the enactment of state and local value added taxes, related school finance reform, and directing the comptroller to identify alternatives to local ad valorem taxes; imposing taxes.

HB116 — Relating to the repeal of or limitations on certain state and local taxes, including school district maintenance and operations ad valorem taxes, the enactment of state and local value added taxes, related school finance reform, and directing the comptroller to identify alternatives to local ad valorem taxes; imposing taxes. · Informed CitizenryHB 116 proposes to repeal the authority of school districts to levy maintenance and operations (M&O) ad valorem taxes starting in the 2030 tax year. To replace this revenue, the bill establishes a…Open in Informed Citizenry