Texas 2013 - 83rd Regular

Texas House Bill HB671 Compare Versions

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Old	New	Differences
1	1	83R15192 SMH-F
2	2	By: Ratliff, et al. H.B. No. 671
3	3	Substitute the following for H.B. No. 671:
4	4	By: Button C.S.H.B. No. 671
5	5
6	6
7	7	A BILL TO BE ENTITLED
8	8	AN ACT
9	9	relating to the calculation of the rollback tax rate of a school
10	10	district.
11	11	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
12	12	SECTION 1. Section 26.08(n), Tax Code, is amended to read as
13	13	follows:
14	14	(n) For purposes of this section, the rollback tax rate of a
15	15	school district whose maintenance and operations tax rate for the
16	16	2005 tax year was $1.50 or less per $100 of taxable value is the
17	17	following rate, as applicable:
18	18	(1) if the adopted tax rate of the district was not
19	19	approved at an election under this section in the 2006 tax year or
20	20	any subsequent tax year [for the 2006 tax year, the sum of the rate
21	21	that is equal to 88.67 percent of the maintenance and operations tax
22	22	rate adopted by the district for the 2005 tax year, the rate of
23	23	$0.04 per $100 of taxable value, and the district's current debt
24	24	rate; and
25	25	[(2) for the 2007 and subsequent tax years], the
26	26	lesser of the following:
27	27	(A) the sum of the following:
28	28	(i) the rate per $100 of taxable value that
29	29	is equal to the product of the state compression percentage, as
30	30	determined under Section 42.2516, Education Code, for the current
31	31	year and $1.50;
32	32	(ii) the rate of $0.04 per $100 of taxable
33	33	value; and
34	34	(iii) [the rate that is equal to the sum of
35	35	the differences for the 2006 and each subsequent tax year between
36	36	the adopted tax rate of the district for that year if the rate was
37	37	approved at an election under this section and the rollback tax rate
38	38	of the district for that year; and
39	39	[(iv)] the district's current debt rate; or
40	40	(B) the sum of the following:
41	41	(i) the effective maintenance and
42	42	operations tax rate of the district as computed under Subsection
43	43	(i) [or (k), as applicable];
44	44	(ii) the rate per $100 of taxable value that
45	45	is equal to the product of the state compression percentage, as
46	46	determined under Section 42.2516, Education Code, for the current
47	47	year and $0.06; and
48	48	(iii) the district's current debt rate; or
49	49	(2) if the adopted tax rate of the district was
50	50	approved at an election under this section in the 2006 tax year or
51	51	any subsequent tax year, the sum of the following:
52	52	(A) the rate per $100 of taxable value that is
53	53	equal to the product of the state compression percentage, as
54	54	determined under Section 42.2516, Education Code, for the current
55	55	year and the maintenance and operations tax rate adopted by the
56	56	district for the 2005 tax year;
57	57	(B) the rate of $0.04 per $100 of taxable value;
58	58	(C) the rate that is equal to the sum of the
59	59	differences for the 2006 and each subsequent tax year between the
60	60	adopted tax rate of the district for that year if the rate was
61	61	approved at an election under this section and the rollback tax rate
62	62	of the district for that year; and
63	63	(D) the district's current debt rate.
64	64	SECTION 2. (a) The change in law made by this Act applies to
65	65	the ad valorem tax rate of a school district beginning with the 2013
66	66	tax year, except as provided by Subsection (b) of this section.
67	67	(b) If the governing body of a school district adopted an ad
68	68	valorem tax rate for the school district for the 2013 tax year
69	69	before the effective date of this Act, the change in law made by
70	70	this Act applies to the ad valorem tax rate of that school district
71	71	beginning with the 2014 tax year, and the law in effect when the tax
72	72	rate was adopted applies to the 2013 tax year with respect to that
73	73	school district.
74	74	SECTION 3. This Act takes effect immediately if it receives
75	75	a vote of two-thirds of all the members elected to each house, as
76	76	provided by Section 39, Article III, Texas Constitution. If this
77	77	Act does not receive the vote necessary for immediate effect, this
78	78	Act takes effect September 1, 2013.