Bill Text: TX SB2503 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to the calculation of the rollback tax rate of a school district.
Spectrum: Partisan Bill (Republican 1-0)
Status: (N/A - Dead) 2019-04-16 - Left pending in committee [SB2503 Detail]
Download: Texas-2019-SB2503-Introduced.html
86R23101 CJC-F | ||
By: Bettencourt | S.B. No. 2503 |
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relating to the calculation of the rollback tax rate of a school | ||
district. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 26.08(n), Tax Code, is amended to read as | ||
follows: | ||
(n) For purposes of this section, the rollback tax rate of a | ||
school district is [ |
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lesser of the following: | ||
(1) [ |
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(A) [ |
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is equal to the product of the state compression percentage, as | ||
determined under Section 42.2516, Education Code, for the current | ||
year and $1.50; | ||
(B) [ |
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value; | ||
(C) [ |
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the differences for the 2006 and each subsequent tax year between | ||
the adopted tax rate of the district for that year if the rate was | ||
approved at an election under this section and the rollback tax rate | ||
of the district for that year; and | ||
(D) [ |
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(2) [ |
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(A) [ |
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[ |
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that is equal to the product of the effective maintenance and | ||
operations tax rate of the district [ |
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as computed under Subsection (i), and 1.025 [ |
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and | ||
(B) [ |
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SECTION 2. The change in law made by this Act applies to the | ||
calculation of the rollback tax rate of a school district beginning | ||
with the 2020 tax year. | ||
SECTION 3. This Act takes effect January 1, 2020. |