Bill Text: TX SB1407 | 2017-2018 | 85th Legislature | Engrossed
Bill Title: Relating to the information required to be included in or with a school district ad valorem tax bill.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2017-05-12 - Referred to Ways & Means [SB1407 Detail]
Download: Texas-2017-SB1407-Engrossed.html
By: Taylor of Collin | S.B. No. 1407 |
|
||
|
||
relating to the information required to be included in or with a | ||
school district ad valorem tax bill. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 31.01, Tax Code, is amended by adding | ||
Subsections (d-2) and (d-3) to read as follows: | ||
(d-2) This subsection applies only to a school district that | ||
has a wealth per student that exceeds the amount specified by | ||
Section 41.002(a)(1), Education Code, and that, for the school year | ||
beginning in the current tax year, has entered into an agreement | ||
with the commissioner of education to purchase average daily | ||
attendance credits as provided by Subchapter D, Chapter 41, | ||
Education Code, in an amount sufficient, in combination with any | ||
other actions taken under that chapter, to reduce the school | ||
district's wealth per student to a level that is equal to or less | ||
than the equalized wealth level as determined by the commissioner | ||
of education under that chapter. In addition to any other | ||
information required by this section, the tax bill or the separate | ||
statement shall separately state: | ||
(1) the percentage of the taxes for maintenance and | ||
operations imposed by the school district for the current tax year | ||
that the school district is required to pay under the agreement for | ||
the school year beginning in the current tax year to purchase | ||
average daily attendance credits; and | ||
(2) the percentage of the taxes for maintenance and | ||
operations imposed by the school district for the current tax year | ||
that the school district is not required to pay under the agreement | ||
for the school year beginning in the current tax year to purchase | ||
average daily attendance credits. | ||
(d-3) This subsection applies only to a school district to | ||
which Subsection (d-2) does not apply. In addition to any other | ||
information required by this section, the tax bill or the separate | ||
statement shall separately state: | ||
(1) the percentage of the maintenance and operations | ||
revenue of the school district for the school year beginning in the | ||
current tax year that is derived from taxes for maintenance and | ||
operations imposed by the school district for the current tax year; | ||
(2) the percentage of the maintenance and operations | ||
revenue of the school district for the school year beginning in the | ||
preceding tax year that was derived from taxes for maintenance and | ||
operations imposed by the school district for the preceding tax | ||
year; | ||
(3) the percentage of the maintenance and operations | ||
revenue of the school district for the school year beginning in the | ||
current tax year that is derived from state funds distributed to the | ||
school district; and | ||
(4) the percentage of the maintenance and operations | ||
revenue of the school district for the school year beginning in the | ||
preceding tax year that was derived from state funds distributed to | ||
the school district. | ||
SECTION 2. This Act takes effect January 1, 2018. |