84R23173 CJC-F
By: Darby H.B. No. 2293
A BILL TO BE ENTITLED
AN ACT
relating to the certification by the comptroller to the
commissioner of education of the taxable value of property in each
school district.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 403.302(j), Government Code, is amended
to read as follows:
(j) The [For purposes of Chapter 42, Education Code, the]
comptroller shall certify the final taxable value for each school
district, appropriately adjusted to give effect to certain
provisions of the Education Code related to school funding, to the
commissioner of education as provided by the terms of a memorandum
of understanding entered into between the comptroller, the
Legislative Budget Board, and the commissioner of education[:
[(1) a final value for each school district computed
on a residence homestead exemption under Section 1-b(c), Article
VIII, Texas Constitution, of $5,000;
[(2) a final value for each school district computed
on:
[(A) a residence homestead exemption under
Section 1-b(c), Article VIII, Texas Constitution, of $15,000; and
[(B) the effect of the additional limitation on
tax increases under Section 1-b(d), Article VIII, Texas
Constitution, as proposed by H.J.R. No. 4, 75th Legislature,
Regular Session, 1997; and
[(3) a final value for each school district computed
on the effect of the reduction of the limitation on tax increases to
reflect any reduction in the school district tax rate as provided by
Section 11.26(a-1), (a-2), or (a-3), Tax Code, as applicable].
SECTION 2. Section 403.302(k), Government Code, is
repealed.
SECTION 3. The change in law made by this Act applies only
to a certification made by the comptroller of public accounts of the
adjusted taxable value for a school district to the commissioner of
education on or after the effective date of this Act.
SECTION 4. This Act takes effect January 1, 2016.