Bill Text: TX HB168 | 2017 | 85th Legislature 1st Special Session | Comm Sub


Bill Title: Relating to the calculation of the rollback tax rate of a school district.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced) 2017-08-06 - Committee report sent to Calendars [HB168 Detail]

Download: Texas-2017-HB168-Comm_Sub.html
  85S10097 SMH-F
 
  By: VanDeaver, Shine H.B. No. 168
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the calculation of the rollback tax rate of a school
  district.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 26.08, Tax Code, is amended by adding
  Subsections (q) and (r) to read as follows:
         (q)  This subsection applies only to a school district
  described by Subsection (n) whose adopted tax rate was approved at
  an election under this section in the 2006 tax year or any
  subsequent tax year. Notwithstanding Subsection (n), for purposes
  of this section, the rollback tax rate of the school district is the
  higher of:
               (1)  the amount computed under Subsection (n); or
               (2)  the sum of the following:
                     (A)  the highest maintenance and operations tax
  rate adopted by the district for the 2007 tax year or any subsequent
  tax year in which the adopted tax rate of the district was approved
  at an election under this section; and
                     (B)  the district's current debt rate.
         (r)  Subsection (q) applies to a school district only if:
               (1)  the district has adopted a tax rate equal to or
  higher than the rate provided by that subsection for any tax year in
  the preceding 10 tax years; and
               (2)  in the 2016 tax year or any subsequent tax year the
  district adopted a tax rate that was lower than the tax rate
  described by Subsection (q)(2).
         SECTION 2.  The change in law made by this Act applies to the
  ad valorem tax rate of a school district beginning with the 2018 tax
  year.
         SECTION 3.  This Act takes effect January 1, 2018.
feedback