81R11134 SMH-D
By: Phillips H.B. No. 4521
A BILL TO BE ENTITLED
AN ACT
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, Tax Code, is amended by adding
Subsection (p) to read as follows:
(p) Notwithstanding Subsections (n) and (o), a school
district is not required to obtain the approval at an election under
this section of the district's adopted tax rate if the rate does not
exceed the sum of:
(1) the maintenance and operations tax rate of the
district for the most recent tax year beginning with the 2007 tax
year in which the district's tax rate was approved at an election
under this section; and
(2) the district's current debt rate.
SECTION 2. (a) The change in law made by this Act applies to
the ad valorem tax rate of a school district beginning with the 2009
tax year, except as provided by Subsection (b) of this section.
(b) If the governing body of a school district adopted an ad
valorem tax rate for the school district for the 2009 tax year
before the effective date of this Act, the change in law made by
this Act applies to the ad valorem tax rate of that school district
beginning with the 2010 tax year, and the law in effect when the tax
rate was adopted applies to the 2009 tax year with respect to that
school district.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2009.