Relating to the dedication of certain surplus state revenue for ad valorem tax relief.

HB 2743 requires Texas to dedicate state surplus revenue to property tax relief. It mandates that each biennium, the comptroller transfer either $1.5 billion or 10% of the state's estimated ending budget balance (minus transfers) to a dedicated fund. These funds can only be used to reduce property taxes for homeowners and businesses. The law takes effect for the 2027-2028 budget cycle, beginning September 1, 2027.