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A BILL TO BE ENTITLED
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AN ACT
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relating to the calculation of the rollback tax rate of a school |
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district. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 26.08(n), Tax Code, is amended to read as |
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follows: |
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(n) For purposes of this section, the rollback tax rate of a |
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school district is [whose maintenance and operations tax rate for
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the 2005 tax year was $1.50 or less per $100 of taxable value is:
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[(1)
for the 2006 tax year, the sum of the rate that is
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equal to 88.67 percent of the maintenance and operations tax rate
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adopted by the district for the 2005 tax year, the rate of $0.04 per
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$100 of taxable value, and the district's current debt rate; and
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[(2) for the 2007 and subsequent tax years,] the |
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lesser of the following: |
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(1) [(A)] the sum of the following: |
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(A) [(i)] the rate per $100 of taxable value that |
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is equal to the product of the state compression percentage, as |
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determined under Section 42.2516, Education Code, for the current |
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year and $1.50; |
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(B) [(ii)] the rate of $0.04 per $100 of taxable |
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value; |
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(C) [(iii)] the rate that is equal to the sum of |
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the differences for the 2006 and each subsequent tax year between |
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the adopted tax rate of the district for that year if the rate was |
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approved at an election under this section and the rollback tax rate |
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of the district for that year; and |
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(D) [(iv)] the district's current debt rate; or |
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(2) [(B)] the sum of the following: |
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(A) [(i)
the effective maintenance and
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operations tax rate of the district as computed under Subsection
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(i) or (k), as applicable;
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[(ii)] the rate per $100 of taxable value |
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that is equal to the product of the effective maintenance and |
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operations tax rate of the district [state compression percentage], |
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as computed under Subsection (i), and 1.025 [determined under
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Section 42.2516, Education Code, for the current year and $0.06]; |
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and |
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(B) [(iii)] the district's current debt rate. |
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SECTION 2. The change in law made by this Act applies to the |
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calculation of the rollback tax rate of a school district beginning |
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with the 2020 tax year. |
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SECTION 3. This Act takes effect January 1, 2020. |