Bill Text: TX HB486 | 2017-2018 | 85th Legislature | Engrossed
Bill Title: Relating to the calculation of the rollback tax rate of a school district.
Sponsorship: Slight Partisan Bill (Republican 2-1)
Status: (Engrossed - Dead) 2017-05-11 - Referred to Education [HB486 Detail]
Download: Texas-2017-HB486-Engrossed.html
| By: VanDeaver, Howard | H.B. No. 486 | |
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| 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. | ||
