83R15192 SMH-F
By: Ratliff, et al. H.B. No. 671
Substitute the following for H.B. No. 671:
By: Button C.S.H.B. No. 671
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(n), Tax Code, is amended to read as
follows:
(n) For purposes of this section, the rollback tax rate of a
school district whose maintenance and operations tax rate for the
2005 tax year was $1.50 or less per $100 of taxable value is the
following rate, as applicable:
(1) if the adopted tax rate of the district was not
approved at an election under this section in the 2006 tax year or
any subsequent tax year [for the 2006 tax year, the sum of the rate
that is equal to 88.67 percent of the maintenance and operations tax
rate adopted by the district for the 2005 tax year, the rate of
$0.04 per $100 of taxable value, and the district's current debt
rate; and
[(2) for the 2007 and subsequent tax years], the
lesser of the following:
(A) the sum of the following:
(i) the rate per $100 of taxable value that
is equal to the product of the state compression percentage, as
determined under Section 42.2516, Education Code, for the current
year and $1.50;
(ii) the rate of $0.04 per $100 of taxable
value; and
(iii) [the rate that is equal to the sum of
the differences for the 2006 and each subsequent tax year between
the adopted tax rate of the district for that year if the rate was
approved at an election under this section and the rollback tax rate
of the district for that year; and
[(iv)] the district's current debt rate; or
(B) the sum of the following:
(i) the effective maintenance and
operations tax rate of the district as computed under Subsection
(i) [or (k), as applicable];
(ii) the rate per $100 of taxable value that
is equal to the product of the state compression percentage, as
determined under Section 42.2516, Education Code, for the current
year and $0.06; and
(iii) the district's current debt rate; or
(2) if the adopted tax rate of the district was
approved at an election under this section in the 2006 tax year or
any subsequent tax year, the sum of the following:
(A) the rate per $100 of taxable value that is
equal to the product of the state compression percentage, as
determined under Section 42.2516, Education Code, for the current
year and the maintenance and operations tax rate adopted by the
district for the 2005 tax year;
(B) the rate of $0.04 per $100 of taxable value;
(C) the rate that is equal to the sum of the
differences for the 2006 and each subsequent tax year between the
adopted tax rate of the district for that year if the rate was
approved at an election under this section and the rollback tax rate
of the district for that year; and
(D) 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 2013
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 2013 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 2014 tax year, and the law in effect when the tax
rate was adopted applies to the 2013 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, 2013.