Bill Text: TX HB148 | 2021 | 87th Legislature 3rd Special Session | Introduced

Texas House Bill 148 (Prior Session Legislation)

Introduced

Bill Title: Relating to the effect of the receipt by a municipality or county of certain federal coronavirus relief money on the computation of certain ad valorem tax rates of and the procedure for adoption of a tax rate by the municipality or county.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2021-10-05 - Filed [HB148 Detail]

Download: Texas-2021-HB148-Introduced.html

	87S30347 CJC-F

	By: Krause	H.B. No. 148



	A BILL TO BE ENTITLED
	AN ACT
	relating to the effect of the receipt by a municipality or county of
	certain federal coronavirus relief money on the computation of
	certain ad valorem tax rates of and the procedure for adoption of a
	tax rate by the municipality or county.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Chapter 26, Tax Code, is amended by adding
	Section 26.0445 to read as follows:
	Sec. 26.0445. TEMPORARY TAX RATE ADJUSTMENT FOR CERTAIN
	FEDERAL CORONAVIRUS RELIEF MONEY. (a) In this section:
	(1) "2021 federal coronavirus relief money" means
	money received by a municipality or a county in 2021 from the
	Coronavirus Local Fiscal Recovery Fund (42 U.S.C. Section 803)
	established under the American Rescue Plan Act of 2021 (Pub. L.
	No. 117-2).
	(2) "2022 federal coronavirus relief money" means
	money received by a municipality or a county in 2022 from the
	Coronavirus Local Fiscal Recovery Fund (42 U.S.C. Section 803)
	established under the American Rescue Plan Act of 2021 (Pub. L.
	No. 117-2).
	(b) For the tax year beginning January 1, 2022, the
	no-new-revenue tax rate and voter-approval tax rate for a
	municipality or county are decreased by the rate computed according
	to the following formula:
	2021 Federal Coronavirus Relief Money / (Current Total
	Value - New Property Value)
	(c) For the tax year beginning January 1, 2023, the
	no-new-revenue tax rate and voter-approval tax rate for a
	municipality or county are decreased by the rate computed according
	to the following formula:
	(2022 Federal Coronavirus Relief Money - 2021 Federal
	Coronavirus Relief Money) / (Current Total Value - New
	Property Value)
	(d) For the tax year beginning January 1, 2024, the
	no-new-revenue tax rate and voter-approval tax rate for a
	municipality or county are increased by the rate computed according
	to the following formula:
	[2021 Federal Coronavirus Relief Money + (2022 Federal
	Coronavirus Relief Money - 2021 Federal Coronavirus
	Relief Money)] / (Current Total Value - New Property
	Value)
	(e) For purposes of computing the rates under Subsections
	(c) and (d), if the amount of 2022 federal coronavirus relief money
	is less than the amount of 2021 federal coronavirus relief money,
	the difference between those amounts is considered to be zero.
	(f) The municipality or county shall include a notice of the
	decrease or increase, as applicable, in the no-new-revenue tax rate
	and voter-approval tax rate provided by this section, including a
	description and the amount of 2021 or 2022 federal coronavirus
	relief money, as applicable, in the information published under
	Section 26.04(e) and, as applicable, in the notice prescribed by
	Section 26.06 or 26.061.
	(g) This section expires January 1, 2026.
	SECTION 2. The change in law made by this Act applies to the
	computation of the no-new-revenue tax rate and voter-approval tax
	rate of a municipality or county beginning with the 2022 tax year.
	SECTION 3. This Act takes effect immediately if it receives
	a vote of two-thirds of all the members elected to each house, as
	provided by Section 39, Article III, Texas Constitution. If this
	Act does not receive the vote necessary for immediate effect, this
	Act takes effect on the 91st day after the last day of the
	legislative session.