Bill Text: TX HB44 | 2023 | 88th Legislature 4th Special Session | Introduced

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Bill Title: Relating to the state compression percentage and a school district's maximum compressed tax rate under the public school finance system.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-11-07 - Filed [HB44 Detail]

Download: Texas-2023-HB44-Introduced.html

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88S40083 MEW-F
By: Isaac H.B. No. 44

A BILL TO BE ENTITLED
AN ACT
relating to the state compression percentage and a school
district's maximum compressed tax rate under the public school
finance system.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 48.255(b), Education Code, is amended to
read as follows:
(b) The state compression percentage is the lower of:
(1) 93 percent, or a lower percentage set by
appropriation for a school year;
(2) the percentage determined by the following
formula:
SCP = PYCP X 1.0 [1.025]/(1 + ECPV); or
(3) the percentage determined under this section for
the preceding school year.
SECTION 2. Section 48.2551(b), Education Code, is amended
to read as follows:
(b) A [Except as provided by Subsection (c), a] district's
maximum compressed rate ("MCR") is the lesser of:
(1) the rate determined by the following [applicable]
formula:
[(A) if "DPV" exceeds "PYDPV" by an amount equal
to or greater than 2.5 percent:]
MCR = [(1.025]((PYDPV+E) X PYMCR)[)]/DPV; or
[(B) if Paragraph (A) does not apply:
[MCR = PYMCR; or]
(2) the product of the state compression percentage,
as determined under Section 48.255, for the current tax year,
multiplied by $1.00.
SECTION 3. (a) This section takes effect only if the
constitutional amendment proposed by H.J.R. 2, 88th Legislature,
2nd Called Session, 2023, is approved by the voters.
(b) Section 48.2555(a), Education Code, as effective on
approval by the voters of H.J.R. 2, 88th Legislature, 2nd Called
Session, 2023, is amended to read as follows:
(a) Notwithstanding any other provision of this title or
Chapter 26, Tax Code, for the 2023-2024 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 $0.107.
SECTION 4. Sections 48.2551(c) and 48.2552, Education Code,
are repealed.
SECTION 5. Except as otherwise provided by this Act, this
Act takes effect September 1, 2024.