Bill Text: TX HB486 | 2017-2018 | 85th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the calculation of the rollback tax rate of a school district.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Engrossed - Dead) 2017-05-11 - Referred to Education [HB486 Detail]
Download: Texas-2017-HB486-Comm_Sub.html
Bill Title: Relating to the calculation of the rollback tax rate of a school district.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Engrossed - Dead) 2017-05-11 - Referred to Education [HB486 Detail]
Download: Texas-2017-HB486-Comm_Sub.html
85R23340 SMH-F | |||
By: VanDeaver, Howard | H.B. No. 486 | ||
Substitute the following for H.B. No. 486: | |||
By: Stephenson | C.S.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), (r), and (s) 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 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. | ||
(s) Subsection (q) does not apply to a school district if: | ||
(1) in the 2007 tax year or a subsequent tax year | ||
before the 2016 tax year the district's adopted tax rate was | ||
approved at an election under this section and the maintenance and | ||
operations tax rate adopted by the district for that tax year was | ||
higher than the sum of the rates described by Subsections | ||
(n)(2)(A)(i) and (ii); | ||
(2) in the 2016 tax year the district adopted a | ||
maintenance and operations tax rate that was: | ||
(A) lower than the highest maintenance and | ||
operations tax rate adopted by the district for a tax year in which | ||
the district's adopted tax rate was approved at an election in a tax | ||
year described by Subdivision (1); and | ||
(B) higher than the sum of the rates described by | ||
Subsections (n)(2)(A)(i) and (ii); and | ||
(3) the district's adopted tax rate has not been | ||
approved at an election under this section since the 2016 tax year. | ||
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. |