| |
| |
|
|
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. |