Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Impact
The implications of HB43 on state laws involve significant changes and potential restrictions regarding how taxing units manage property tax assessments and votes on tax rates. Specifically, it mandates that if a proposed tax rate exceeds the established voter-approval threshold, an election must be conducted to seek approval from the voters. This can lead to increased transparency and public participation in local tax matters, although it may also complicate the budgeting processes for districts.
Summary
House Bill 43 relates to the calculation of certain ad valorem tax rates applicable to taxing units within the state. The bill outlines specific methodologies for determining the 'no-new-revenue tax rate' and 'voter-approval tax rate', which are crucial for local governments to adhere to when imposing taxes. By establishing a framework for these calculations, the bill aims to standardize how tax rates are approved and modified, ultimately influencing local funding and budgeting processes.
Contention
Notable points of contention surrounding HB43 could arise from the perception that it imposes additional bureaucratic requirements on local governments, potentially hindering their ability to generate necessary revenue for essential services. Opponents may argue that the stringent measures for tax rate increases could limit local governments’ flexibility in fiscal management. Supporters, however, may argue that these requirements are essential for fiscal accountability and for preventing unchecked tax increases, thus ensuring that taxpayers have a say in their financial responsibilities at the local level.
Texas Constitutional Statutes Affected
Education Code
Chapter 45. School District Funds
Section: 0032
Tax Code
Chapter 26. Assessment
Section: New Section
Chapter 31. Collections
Section: New Section
Chapter 33. Delinquency
Section: New Section
Water Code
Chapter 49. Provisions Applicable To All Districts
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved; making conforming changes.
Relating to the calculation of certain ad valorem tax rates of a taxing unit and the manner in which a proposed ad valorem tax rate that exceeds the voter-approval tax rate is approved.
Relating to the repeal of provisions authorizing certain taxing units in the year following the year in which a disaster occurs to adopt an ad valorem tax rate that exceeds the voter-approval tax rate without holding an election to approve the adopted tax rate; making conforming changes.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that a county may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that a county may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the authority of a hospital district to establish an ad valorem tax freeze on the residence homesteads of disabled or elderly persons and their surviving spouses.
Relating to the authority of a taxing unit other than a school district to establish a limitation on the amount of ad valorem taxes that the taxing unit may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the authority of a taxing unit other than a school district to establish a limitation on the amount of ad valorem taxes that the taxing unit may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.