Relating to a study of alternative methods of taxation to replace revenue lost to political subdivisions if ad valorem taxes are abolished.

HB 164 creates a commission to study alternative tax methods that could replace revenue lost by local governments if property taxes are abolished. The commission, composed of the comptroller, legislative appointees, and public members, must report its findings - including legislative recommendations - by December 1, 2026. This bill does not change tax policy but authorizes a study to explore potential replacements for property tax revenue. It expires on September 1, 2027.