Bill Text: TX HB108 | 2021 | 87th Legislature 3rd Special Session | Introduced
Bill Title: Relating to a temporary reduction in the maximum compressed tax rate of a school district; making an appropriation.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-09-27 - Referred to Ways & Means [HB108 Detail]
Download: Texas-2021-HB108-Introduced.html
87S30265 MEW/KJE-D | ||
By: Frank | H.B. No. 108 |
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relating to a temporary reduction in the maximum compressed tax | ||
rate of a school district; making an appropriation. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter F, Chapter 48, Education Code, is | ||
amended by adding Section 48.2555 to read as follows: | ||
Sec. 48.2555. MAXIMUM COMPRESSED TAX RATE FOR 2022-2023 | ||
SCHOOL YEAR. (a) Notwithstanding any other provision of this title | ||
or Chapter 26, Tax Code, for the 2022-2023 school year, the | ||
commissioner shall calculate the value of a school district's | ||
maximum compressed tax rate by determining the district's maximum | ||
compressed rate under Section 48.2551 or 48.2552(b), if applicable, | ||
and reducing the tax rate determined under the applicable section | ||
by the amount by which the commissioner may reduce each district's | ||
maximum compressed tax rate by an equal amount using funds | ||
appropriated for the purpose of reducing each district's maximum | ||
compressed tax rate under this section. | ||
(b) If a school district's maximum compressed tax rate as | ||
calculated under Subsection (a) would be less than 90 percent of | ||
another school district's maximum compressed tax rate under | ||
Subsection (a), the district's maximum compressed tax rate is the | ||
value at which the district's maximum compressed tax rate would be | ||
equal to 90 percent of the other district's maximum compressed tax | ||
rate. | ||
(c) Notwithstanding any other provision of this title or | ||
Chapter 26, Tax Code, for purposes of determining funding for | ||
school districts for the 2022-2023 school year, a reference in any | ||
of the following provisions of law to a school district's maximum | ||
compressed tax rate or maximum compressed rate as determined under | ||
Section 48.2551 means the maximum compressed tax rate determined | ||
for the district under this section: | ||
(1) Sections 13.054(f) and (f-1); | ||
(2) Section 45.003(d); | ||
(3) Section 45.0032(a); | ||
(4) Section 48.051(a); | ||
(5) Sections 48.2553(a) and (e); and | ||
(6) Section 26.08(n), Tax Code. | ||
(d) For purposes of Section 30.003(f-1), a reference in that | ||
section to Section 48.2551 includes this section. | ||
(e) Notwithstanding any other provision of this title, for | ||
purposes of determining a school district's maximum compressed tax | ||
rate under Section 48.2551 for the 2023-2024 school year, the | ||
commissioner shall exclude the reduction in the district's maximum | ||
compressed tax rate under this section for the preceding school | ||
year from the value of the district's "PYMCR." | ||
(f) This section expires September 1, 2024. | ||
SECTION 2. In addition to other amounts appropriated to the | ||
Texas Education Agency for the state fiscal year ending August 31, | ||
2023, $2.5 billion is appropriated from the general revenue fund to | ||
the agency for the state fiscal year ending August 31, 2023, for use | ||
in providing school district property tax relief by reducing each | ||
school district's maximum compressed tax rate under Section | ||
48.2555, Education Code, as added by this Act. | ||
SECTION 3. This Act takes effect on the 91st day after the | ||
last day of the legislative session. |