LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 20, 2013 TO: Honorable Harvey Hilderbran, Chair, House Committee On Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB671 by Ratliff (relating to the calculation of the rollback tax rate of a school district.), Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. The bill would amend Section 26.08 of the Tax Code, regarding property taxation and assessment, to remove outdated language from the school district rollback tax rate calculation and to clarify existing language. Current law requires a school district that adopts a rate in excess of the rollback rate to hold an election in which the voters approve or disapprove the adopted rate. If the voters do not approve the adopted rate, the rate must be lowered to not exceed the rollback rate. The bill does not substantively change the rollback rate calculation procedure specified in current law. The bill would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments or the state. The bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2013. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK, SD, SJS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 20, 2013
TO: Honorable Harvey Hilderbran, Chair, House Committee On Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB671 by Ratliff (relating to the calculation of the rollback tax rate of a school district.), Committee Report 1st House, Substituted
TO: Honorable Harvey Hilderbran, Chair, House Committee On Ways & Means
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB671 by Ratliff (relating to the calculation of the rollback tax rate of a school district.), Committee Report 1st House, Substituted
Honorable Harvey Hilderbran, Chair, House Committee On Ways & Means
Honorable Harvey Hilderbran, Chair, House Committee On Ways & Means
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB671 by Ratliff (relating to the calculation of the rollback tax rate of a school district.), Committee Report 1st House, Substituted
HB671 by Ratliff (relating to the calculation of the rollback tax rate of a school district.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Section 26.08 of the Tax Code, regarding property taxation and assessment, to remove outdated language from the school district rollback tax rate calculation and to clarify existing language. Current law requires a school district that adopts a rate in excess of the rollback rate to hold an election in which the voters approve or disapprove the adopted rate. If the voters do not approve the adopted rate, the rate must be lowered to not exceed the rollback rate. The bill does not substantively change the rollback rate calculation procedure specified in current law. The bill would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments or the state. The bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2013.
The bill would amend Section 26.08 of the Tax Code, regarding property taxation and assessment, to remove outdated language from the school district rollback tax rate calculation and to clarify existing language. Current law requires a school district that adopts a rate in excess of the rollback rate to hold an election in which the voters approve or disapprove the adopted rate. If the voters do not approve the adopted rate, the rate must be lowered to not exceed the rollback rate. The bill does not substantively change the rollback rate calculation procedure specified in current law.
The bill would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments or the state.
The bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2013.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, KK, SD, SJS
UP, KK, SD, SJS