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.

The bill text for HB 116 is not currently available in the provided context. The title indicates it relates to tax changes (repealing or limiting certain state/local taxes, including school district ad valorem taxes), enacting value-added taxes, and school finance reform, but no specific provisions, mechanisms, or affected parties are described in the accessible content. Without the full bill text or detailed summary, a factual policy description cannot be provided. The bill was filed on July 17, 2025, but no further details are available.