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 |
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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. |