Bill Text: TX SB2350 | 2023-2024 | 88th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the voter-approval tax rate used to calculate the unused increment rate of a taxing unit for ad valorem tax purposes.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2023-06-18 - Effective immediately [SB2350 Detail]
Download: Texas-2023-SB2350-Introduced.html
Bill Title: Relating to the voter-approval tax rate used to calculate the unused increment rate of a taxing unit for ad valorem tax purposes.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2023-06-18 - Effective immediately [SB2350 Detail]
Download: Texas-2023-SB2350-Introduced.html
88R5838 RDS-D | ||
By: Bettencourt | S.B. No. 2350 |
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relating to the voter-approval tax rate used to calculate the | ||
unused increment rate of a taxing unit for ad valorem tax purposes. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 26.013(a)(2), Tax Code, is amended to | ||
read as follows: | ||
(2) "Voter-approval tax rate" means a taxing unit's | ||
voter-approval tax rate in the applicable preceding tax year, as | ||
adopted by the taxing unit during the applicable preceding tax | ||
year, less the unused increment rate for that preceding tax year. | ||
SECTION 2. 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, 2023. |