Relating to the substitution of a county sales and use tax for all or a portion of property taxes imposed by certain counties; authorizing the imposition of a tax.

HB 4968 allows specific large Texas counties (with populations over 2.1 million and two cities each over 350,000) to replace part of their property taxes with a voter-approved 1% sales and use tax. Counties must hold an election where voters decide to adopt or abolish the tax, with the tax taking effect on January 1 following the election results. Revenue from this tax must be used to reduce the county's property tax rate, and the tax rate is exempt from standard sales tax rate calculations. The bill does not create new taxes but provides a mechanism for counties to shift tax burden from property to sales.