Bill Text: TX SB1998 | 2023-2024 | 88th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the calculation of certain ad valorem tax rates.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Vetoed) 2023-06-15 - Vetoed by the Governor [SB1998 Detail]
Download: Texas-2023-SB1998-Comm_Sub.html
Bill Title: Relating to the calculation of certain ad valorem tax rates.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Vetoed) 2023-06-15 - Vetoed by the Governor [SB1998 Detail]
Download: Texas-2023-SB1998-Comm_Sub.html
By: Bettencourt | S.B. No. 1998 | |
(In the Senate - Filed March 8, 2023; March 21, 2023, read | ||
first time and referred to Committee on Local Government; | ||
April 17, 2023, reported favorably by the following vote: Yeas 9, | ||
Nays 0; April 17, 2023, sent to printer.) | ||
|
||
|
||
relating to the calculation of certain ad valorem tax rates. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 5.07(g), Tax Code, is amended to read as | ||
follows: | ||
(g) The forms described by Subsection (f) must be in an | ||
electronic format and: | ||
(1) have blanks that can be filled in electronically; | ||
(2) be capable of being certified by the designated | ||
officer or employee after completion as accurately calculating the | ||
applicable tax rates and using values that are the same as the | ||
values shown in, as applicable: | ||
(A) the taxing unit's certified appraisal roll; | ||
or | ||
(B) the certified estimate of taxable value of | ||
property in the taxing unit prepared under Section 26.01(a-1); | ||
[ |
||
(3) be capable of being electronically incorporated | ||
into the property tax database maintained by each appraisal | ||
district under Section 26.17 and submitted electronically to the | ||
county assessor-collector of each county in which all or part of the | ||
territory of the taxing unit is located; and | ||
(4) be capable of including for each entry, other than | ||
an entry making a mathematical calculation, a hyperlink to a | ||
document that evidences the accuracy of the entry. | ||
SECTION 2. Section 26.03, Tax Code, is amended by adding | ||
Subsection (e) to read as follows: | ||
(e) For a taxing unit in which a tax rate calculation for a | ||
tax year is affected by the application of this section, the | ||
adjustments to the value of property taxable by the unit and to the | ||
amount of taxes imposed or collected by the unit prescribed by this | ||
section shall be calculated separately for each reinvestment zone | ||
in which the taxing unit participates. The comptroller shall | ||
ensure that the tax rate calculation forms prescribed under Section | ||
5.07 provide for the calculations to be made in the manner required | ||
by this subsection. | ||
SECTION 3. Section 26.04(d-1), Tax Code, is amended to read | ||
as follows: | ||
(d-1) The designated officer or employee shall use the tax | ||
rate calculation forms prescribed by the comptroller under Section | ||
5.07 in calculating the no-new-revenue tax rate and the | ||
voter-approval tax rate. The designated officer or employee must | ||
include a hyperlink described by Section 5.07(g)(4) for each entry | ||
on the form, other than an entry making a mathematical calculation. | ||
SECTION 4. This Act applies to the calculation of an ad | ||
valorem tax rate for a tax year that begins on or after the | ||
effective date of this Act. | ||
SECTION 5. This Act takes effect January 1, 2024. | ||
* * * * * |