TX
Texas House Bill HB108

Texas 2021 - 87th 3rd C.S.

Texas House Bill HB108

Caption

Relating to a temporary reduction in the maximum compressed tax rate of a school district; making an appropriation.

Impact

If enacted, HB 108 would have a significant impact on state education funding systems and local tax structures. By temporarily reducing the maximum compressed tax rate, this bill aims to provide immediate property tax relief to residents, while also influencing the calculation of future funding levels for schools. The bill stipulates that any adjustments made for the 2022-2023 school year must be excluded from subsequent calculations for the 2023-2024 school year, effectively ensuring that the impact of the reduced rates is temporary and will revert after the designated period.

Summary

House Bill 108 pertains to the temporary reduction of the maximum compressed tax rate for school districts in Texas, specifically for the 2022-2023 school year. The bill mandates that the Texas Commissioner of Education calculate each school district's maximum compressed tax rate and make adjustments to provide tax relief based on the allocation of $2.5 billion appropriated from the general revenue fund. The intent behind this reduction is to ease financial burdens on school districts and indirectly benefit taxpayers by lowering property tax rates.

Contention

The bill has raised points of contention among legislators and education advocates. Proponents argue that the temporary tax relief is necessary to support school districts during challenging economic times, while critics may argue that such measures could detract from long-term financial planning for schools. Additionally, there could be concerns regarding the sustainability of education funding and how the temporary nature of the tax relief might affect future budgets and resources available for education.

Companion Bills

No companion bills found.

Previously Filed As

TX HB1

Relating to a reduction in the maximum compressed tax rate of a school district and additional state aid for certain school districts impacted by compression.

TX HB1

Relating to a reduction in the maximum compressed tax rate of a school district and additional state aid for certain school districts impacted by compression.

TX SB4

Relating to the maximum compressed tax rate of a school district.

TX HB110

Relating to the state compression percentage and a school district's maximum compressed tax rate under the public school finance system.

TX HB44

Relating to the state compression percentage and a school district's maximum compressed tax rate under the public school finance system.

TX SB1

Relating to a reduction in the maximum compressed tax rate of a school district and additional state aid for certain school districts impacted by compression, an increase in the amount of certain exemptions from ad valorem taxation by a school district applicable to residence homesteads, an adjustment in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in the exemption amounts, and the protection of school districts against the resulting loss in local revenue.

TX SB1704

Relating to the state compression percentage and a school district's maximum compressed tax rate under the public school finance system.

TX HB62

Relating to providing school district property tax relief through rent-relief and through adjusting entitlements, compression, and exemptions under the public school finance system.

TX SB1

Relating to providing property tax relief through the public school finance system, exemptions, and limitations on taxes and providing franchise tax relief.

TX SB26

Relating to providing property tax relief through the public school finance system, exemptions, and limitations on taxes and providing franchise tax relief.

Similar Bills

TX SB4

Relating to the maximum compressed tax rate of a school district.

TX SB12

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate and to the protection of school districts against the resulting loss in local revenue.

TX HB11

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate and to the protection of school districts against the resulting loss in local revenue.

TX HB239

Relating to a temporary reduction in the maximum compressed tax rate of a school district; making an appropriation.

TX HB120

Relating to a temporary reduction in the maximum compressed tax rate of a school district; making an appropriation.

TX HB184

Relating to a reduction in the maximum compressed tax rate of a school district; making an appropriation.

TX SB1

Relating to an increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and the protection of school districts against the resulting loss in local revenue.

TX SB12

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate.