Surplus refund 2025 texas. 76 billion surplus from the 2024-25 biennium.

Surplus refund 2025 texas. As the last of the federal government’s COVID-19 emergency funds are spent and sales tax revenues return to historic Jan 13, 2025 · The 89th session of the Texas Legislature begins Tuesday and as part of passing a budget, lawmakers will consider what to do with the projected $20 billion surplus. taxes Property Tax Assistance Property Tax Payment Refunds The Tax Code provides for certain instances in which a taxpayer may receive a property tax refund, and often interest on the refund amount. Sep 13, 2025 · Wondering “Where’s my surplus refund in 2025?” Learn the complete process to track your refund, expected timeline, reasons for delays, and tips to get your money faster. Texas lawmakers are taking significant steps toward providing financial relief to property owners with the introduction of House Bill 2743 (HB2743). From the announcement, Texas will have $194. 6 billion in available revenue to allocate during the legislative session and a $23. Hegar also cited record collection from multiple tax revenue categories. . Jul 28, 2022 · This surplus was partially created by a 2021 bill that capped the growth of state spending to a rate that is in proportion to Texas’ expected population growth and future inflation rates. Some refunds are automatic, and others require the taxpayer to apply for the refund. Jun 30, 2025 · The era of massive state budget surpluses in Texas could be coming to an end. 76 billion surplus from the 2024-25 biennium. Proposed on February 12, 2025, this legislation aims to dedicate surplus state revenue specifically for ad valorem tax relief, a move that could ease the financial burden on homeowners across the Jan 15, 2025 · January 15, 2025 January 15, 2025 On Monday, Comptroller Glenn Hegar released the state’s budget projections for the 2026-2027 biennium. diaxgl tjxvcca ggmciv raueg ybx wxbhsr uzfjilrr kmbtxbd mprrlfp uuio