Bill Text: TX HB4847 | 2023-2024 | 88th Legislature | Introduced

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Bill Title: Relating to the calculation of the enrichment tax rate for certain school districts.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-03-23 - Referred to Public Education [HB4847 Detail]

Download: Texas-2023-HB4847-Introduced.html

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88R15436 MEW-F
By: Metcalf H.B. No. 4847

A BILL TO BE ENTITLED
AN ACT
relating to the calculation of the enrichment tax rate for certain
school districts.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 45.0032, Education Code, is amended by
adding Subsections (e) and (f) to read as follows:
(e) This subsection applies only to a district that adopted
for the preceding tax year a maintenance tax rate that is less than
the sum of the district's maximum compressed tax rate, as
determined under Section 48.2551, and six cents. For purposes of
Section 26.08(n)(2)(A), Tax Code, the enrichment tax rate for the
preceding tax year of a district to which this subsection applies is
the sum of the district's enrichment tax rate under Subsection (b)
and two cents.
(f) This subsection applies only to a district that adopted
a maintenance tax rate for the 2018 tax year for which the district
was never required to hold an election under Section 26.08, Tax
Code, to approve and that was equal to the sum of the district's
tier one maintenance and operations tax rate, as provided by
Section 45.0032(a), and six cents. For purposes of Section
26.08(n)(2)(A), Tax Code, the enrichment tax rate for the preceding
tax year of a district to which this subsection applies is the sum
of the district's enrichment tax rate as determined under
Subsection (e) and one cent.
SECTION 2. This Act applies to a school district beginning
with the 2023 tax year.
SECTION 3. This Act takes effect September 1, 2023.