Bill Text: TX SB2118 | 2023-2024 | 88th Legislature | Introduced


Bill Title: Relating to the calculation of the enrichment tax rate for certain school districts.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-03-21 - Referred to Education [SB2118 Detail]

Download: Texas-2023-SB2118-Introduced.html
  88R9078 MEW-F
 
  By: Creighton S.B. No. 2118
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the calculation of the enrichment tax rate for certain
  school districts.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 45.0032, Education Code, is amended by
  adding Subsection (e) to read as follows:
         (e)  This subsection applies only to a district that adopted
  for the preceding tax year a maintenance tax rate that is less than
  the sum of the district's maximum compressed tax rate, as
  determined under Section 48.2551, and six cents.  For purposes of
  Section 26.08(n)(2)(A), Tax Code, the enrichment tax rate for the
  preceding tax year of a district to which this subsection applies is
  the sum of the district's enrichment tax rate under Subsection (b)
  and one cent.
         SECTION 2.  This Act applies to a school district beginning
  with the 2023 tax year.
         SECTION 3.  This Act takes effect September 1, 2023.
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