Bill Text: TX SB1041 | 2015-2016 | 84th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to required disclosures in and to the length of ballot proposition language authorizing political subdivisions to issue bonds or impose or change a tax.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Engrossed - Dead) 2015-05-22 - Committee report sent to Calendars [SB1041 Detail]
Download: Texas-2015-SB1041-Introduced.html
Bill Title: Relating to required disclosures in and to the length of ballot proposition language authorizing political subdivisions to issue bonds or impose or change a tax.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Engrossed - Dead) 2015-05-22 - Committee report sent to Calendars [SB1041 Detail]
Download: Texas-2015-SB1041-Introduced.html
2015S0397-1 03/05/15 | ||
By: Bettencourt | S.B. No. 1041 |
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relating to required disclosures in ballot proposition language | ||
authorizing political subdivisions to issue bonds or impose or | ||
change a tax. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 52.072, Election Code, is amended by | ||
adding Subsection (f) to read as follows: | ||
(f) In addition to the requirements of Subsection (e) and | ||
any other requirement imposed by law for a proposition, including a | ||
provision prescribing the proposition language, a proposition | ||
submitted to the voters for approval of the issuance of bonds or the | ||
imposition, increase, or reduction of a tax shall for any political | ||
subdivision, including municipalities, counties, school districts, | ||
and special taxing districts, specifically state, as applicable: | ||
(1) with respect to a proposition seeking voter | ||
approval of the issuance of bonds: | ||
(A) the total amount of the political | ||
subdivision's debt currently outstanding; | ||
(B) the total amount of the political | ||
subdivision's current debt payments; | ||
(C) the amount of taxes required to be imposed on | ||
a homestead with a value equal to the median homestead value in the | ||
political subdivision, as computed by the appraisal district, to | ||
repay the political subdivision's current debt obligations; and | ||
(D) the estimated tax burden that would be | ||
imposed on a homestead with a value equal to the median homestead | ||
value in the political subdivision, as computed by the appraisal | ||
district, to repay the bonds to be authorized, if approved; | ||
(2) with respect to a proposition that only seeks | ||
voter approval of the imposition or increase of a tax: | ||
(A) the estimated additional tax burden that | ||
would be imposed on a homestead with a value equal to the median | ||
homestead value in the political subdivision, as computed by the | ||
appraisal district, after the imposition or increase of the tax, if | ||
approved; and | ||
(B) a detailed description of the purposes for | ||
which the tax is to be imposed or increased, if approved; or | ||
(3) with respect to a proposition that only seeks | ||
voter approval of the reduction of a tax, the estimated tax | ||
reduction for a homestead with a value equal to the median homestead | ||
value in the political subdivision, as computed by the appraisal | ||
district, if the reduction of the tax is approved. | ||
SECTION 2. The changes in law made by this Act apply only to | ||
a ballot for an election ordered on or after the effective date of | ||
this Act. An election ordered before the effective date of this Act | ||
is governed by the law in effect when the election was ordered, and | ||
the former law is continued in effect for that purpose. | ||
SECTION 3. This Act takes effect September 1, 2015. |