| 1 | 1 | | 81R11134 SMH-D |
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| 2 | 2 | | By: Phillips H.B. No. 4521 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the calculation of the rollback tax rate of a school |
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| 8 | 8 | | district. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 26.08, Tax Code, is amended by adding |
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| 11 | 11 | | Subsection (p) to read as follows: |
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| 12 | 12 | | (p) Notwithstanding Subsections (n) and (o), a school |
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| 13 | 13 | | district is not required to obtain the approval at an election under |
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| 14 | 14 | | this section of the district's adopted tax rate if the rate does not |
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| 15 | 15 | | exceed the sum of: |
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| 16 | 16 | | (1) the maintenance and operations tax rate of the |
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| 17 | 17 | | district for the most recent tax year beginning with the 2007 tax |
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| 18 | 18 | | year in which the district's tax rate was approved at an election |
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| 19 | 19 | | under this section; and |
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| 20 | 20 | | (2) the district's current debt rate. |
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| 21 | 21 | | SECTION 2. (a) The change in law made by this Act applies to |
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| 22 | 22 | | the ad valorem tax rate of a school district beginning with the 2009 |
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| 23 | 23 | | tax year, except as provided by Subsection (b) of this section. |
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| 24 | 24 | | (b) If the governing body of a school district adopted an ad |
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| 25 | 25 | | valorem tax rate for the school district for the 2009 tax year |
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| 26 | 26 | | before the effective date of this Act, the change in law made by |
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| 27 | 27 | | this Act applies to the ad valorem tax rate of that school district |
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| 28 | 28 | | beginning with the 2010 tax year, and the law in effect when the tax |
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| 29 | 29 | | rate was adopted applies to the 2009 tax year with respect to that |
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| 30 | 30 | | school district. |
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| 31 | 31 | | SECTION 3. This Act takes effect immediately if it receives |
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| 32 | 32 | | a vote of two-thirds of all the members elected to each house, as |
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| 33 | 33 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 34 | 34 | | Act does not receive the vote necessary for immediate effect, this |
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| 35 | 35 | | Act takes effect September 1, 2009. |
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