Bill Amendment: TX SB1 | 2021 | 87th Legislature 3rd Special Session
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: Relating to an increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and the protection of school districts against the resulting loss in local revenue.
Status: 2021-10-25 - See remarks for effective date [SB1 Detail]
Download: Texas-2021-SB1-Senate_Amendment_S_2_F1-Bettencourt.html
Bill Title: Relating to an increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and the protection of school districts against the resulting loss in local revenue.
Status: 2021-10-25 - See remarks for effective date [SB1 Detail]
Download: Texas-2021-SB1-Senate_Amendment_S_2_F1-Bettencourt.html
Amend CSSB 1 (senate committee printing) by adding the following appropriately numbered SECTION to the bill and renumbering the subsequent SECTIONS of the bill accordingly:
SECTION ____. Section 31.01, Tax Code, is amended by adding Subsection (d-2) to read as follows:
(d-2) The tax bill of a school district for the 2022 tax year or a separate statement accompanying the tax bill shall state the difference between the amount of taxes that would have been imposed on the property by the district if the amount of the reduction in the district's maximum compressed tax rate under Section 48.2555, Education Code, were equal to zero and the amount of taxes actually imposed on the property by the district. This subsection expires September 1, 2024.
