Bill Text: TX HB671 | 2013-2014 | 83rd Legislature | Engrossed
Bill Title: Relating to the calculation of the rollback tax rate of a school district.
Sponsorship: Bipartisan Bill
Status: (Engrossed - Dead) 2013-05-15 - Left pending in subcommittee [HB671 Detail]
Download: Texas-2013-HB671-Engrossed.html
| By: Ratliff, et al. | H.B. No. 671 | |
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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 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. | ||
| SECTION 2. (a) The change in law made by this Act applies to | ||
| the ad valorem tax rate of a school district beginning with the 2013 | ||
| tax year, except as provided by Subsection (b) of this section. | ||
| (b) If the governing body of a school district adopted an ad | ||
| valorem tax rate for the school district for the 2013 tax year | ||
| before the effective date of this Act, the change in law made by | ||
| this Act applies to the ad valorem tax rate of that school district | ||
| beginning with the 2014 tax year, and the law in effect when the tax | ||
| rate was adopted applies to the 2013 tax year with respect to that | ||
| school district. | ||
| SECTION 3. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2013. | ||
