| 1 | 1 | | 84R9359 CJC-F |
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| 2 | 2 | | By: West S.B. No. 1065 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the certification by the comptroller to the |
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| 8 | 8 | | commissioner of education of the taxable value of property in each |
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| 9 | 9 | | school district. |
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| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 11 | | SECTION 1. Section 403.302(j), Government Code, is amended |
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| 12 | 12 | | to read as follows: |
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| 13 | 13 | | (j) The [For purposes of Chapter 42, Education Code, the] |
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| 14 | 14 | | comptroller shall certify the final taxable value for each school |
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| 15 | 15 | | district, appropriately adjusted to give effect to certain |
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| 16 | 16 | | provisions of the Education Code related to school funding, to the |
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| 17 | 17 | | commissioner of education as provided by the terms of a memorandum |
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| 18 | 18 | | of understanding entered into between the comptroller and the |
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| 19 | 19 | | commissioner of education[: |
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| 20 | 20 | | [(1) a final value for each school district computed |
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| 21 | 21 | | on a residence homestead exemption under Section 1-b(c), Article |
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| 22 | 22 | | VIII, Texas Constitution, of $5,000; |
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| 23 | 23 | | [(2) a final value for each school district computed |
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| 24 | 24 | | on: |
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| 25 | 25 | | [(A) a residence homestead exemption under |
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| 26 | 26 | | Section 1-b(c), Article VIII, Texas Constitution, of $15,000; and |
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| 27 | 27 | | [(B) the effect of the additional limitation on |
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| 28 | 28 | | tax increases under Section 1-b(d), Article VIII, Texas |
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| 29 | 29 | | Constitution, as proposed by H.J.R. No. 4, 75th Legislature, |
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| 30 | 30 | | Regular Session, 1997; and |
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| 31 | 31 | | [(3) a final value for each school district computed |
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| 32 | 32 | | on the effect of the reduction of the limitation on tax increases to |
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| 33 | 33 | | reflect any reduction in the school district tax rate as provided by |
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| 34 | 34 | | Section 11.26(a-1), (a-2), or (a-3), Tax Code, as applicable]. |
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| 35 | 35 | | SECTION 2. Section 403.302(k), Government Code, is |
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| 36 | 36 | | repealed. |
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| 37 | 37 | | SECTION 3. The change in law made by this Act applies only |
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| 38 | 38 | | to a certification made by the comptroller of public accounts of the |
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| 39 | 39 | | adjusted taxable value for a school district to the commissioner of |
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| 40 | 40 | | education on or after the effective date of this Act. |
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| 41 | 41 | | SECTION 4. This Act takes effect January 1, 2016. |
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