Bill Text: TX SB4 | 2023-2024 | 88th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the maximum compressed tax rate of a school district.
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2023-04-10 - Referred to Ways & Means [SB4 Detail]
Download: Texas-2023-SB4-Comm_Sub.html
Bill Title: Relating to the maximum compressed tax rate of a school district.
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2023-04-10 - Referred to Ways & Means [SB4 Detail]
Download: Texas-2023-SB4-Comm_Sub.html
By: Bettencourt, Huffman, Parker | S.B. No. 4 | |
(In the Senate - Filed March 10, 2023; March 13, 2023, read | ||
first time and referred to Committee on Finance; March 16, 2023, | ||
reported favorably by the following vote: Yeas 17, Nays 0; | ||
March 16, 2023, sent to printer.) | ||
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relating to the maximum compressed tax rate of a school district. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 48.2552(b), Education Code, is amended | ||
to read as follows: | ||
(b) If a school district's maximum compressed rate as | ||
calculated under Section 48.2551(b) would be less than 80 [ |
||
percent of another school district's maximum compressed rate, the | ||
district's maximum compressed rate is the value at which the | ||
district's maximum compressed rate would be equal to 80 [ |
||
percent of the other district's maximum compressed rate. | ||
SECTION 2. Subchapter F, Chapter 48, Education Code, is | ||
amended by adding Section 48.2555 to read as follows: | ||
Sec. 48.2555. MAXIMUM COMPRESSED TAX RATE FOR 2023-2024 | ||
SCHOOL YEAR. (a) Notwithstanding any other provision of this title | ||
or Chapter 26, Tax Code, for the 2023-2024 school year, the | ||
commissioner shall calculate the value of a school district's | ||
maximum compressed tax rate by determining the district's maximum | ||
compressed rate under Section 48.2551 or 48.2552(b), if applicable, | ||
and reducing the tax rate determined under the applicable section | ||
by the amount by which the commissioner may reduce each district's | ||
maximum compressed tax rate by an equal amount using money | ||
appropriated for the purpose of reducing each district's maximum | ||
compressed tax rate under this section. | ||
(b) If a school district's maximum compressed tax rate as | ||
calculated under Subsection (a) would be less than 80 percent of | ||
another school district's maximum compressed tax rate under | ||
Subsection (a), the district's maximum compressed tax rate is the | ||
value at which the district's maximum compressed tax rate would be | ||
equal to 80 percent of the other district's maximum compressed tax | ||
rate. | ||
(c) Notwithstanding any other provision of this title or | ||
Chapter 26, Tax Code, for purposes of determining funding for | ||
school districts for the 2023-2024 school year, a reference in any | ||
of the following provisions of law to a school district's maximum | ||
compressed tax rate or maximum compressed rate as determined under | ||
Section 48.2551 means the maximum compressed tax rate determined | ||
for the district under this section: | ||
(1) Section 13.054(f); | ||
(2) Section 45.003(d); | ||
(3) Section 45.0032(a); | ||
(4) Section 48.051(a); | ||
(5) Sections 48.2553(a) and (e); and | ||
(6) Section 26.08(n), Tax Code. | ||
(d) For purposes of Section 30.003(f-1), a reference in that | ||
section to Section 48.2551 includes this section. | ||
(e) Notwithstanding any other provision of this title, for | ||
purposes of determining a school district's maximum compressed tax | ||
rate under Section 48.2551 for the 2024-2025 school year, the value | ||
of the district's "PYMCR" is the maximum compressed tax rate | ||
determined for the district under this section for the preceding | ||
school year. | ||
(f) This section expires September 1, 2025. | ||
SECTION 3. This Act takes effect September 1, 2023. | ||
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