84R5669 SMH-F
By: Howard, Darby H.B. No. 964
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
Subsections (q) and (r) to read as follows:
(q) This subsection applies only to a school district
described by Subsection (n) whose adopted tax rate was approved at
an election under this section in the 2006 tax year or any
subsequent tax year. Notwithstanding Subsection (n), for purposes
of this section, the rollback tax rate of the school district is the
higher of:
(1) the amount computed under Subsection (n); or
(2) the sum of the following:
(A) the highest maintenance and operations tax
rate adopted by the district for the 2007 tax year or any subsequent
tax year in which the adopted tax rate of the district was approved
at an election under this section; and
(B) the district's current debt rate.
(r) Subsection (q) applies to a school district only if the
district has adopted a tax rate equal to or higher than the rate
provided by that subsection for any tax year in the preceding 10 tax
years.
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 2015
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 2015 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 2016 tax year, and the law in effect when the tax
rate was adopted applies to the 2015 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, 2015.