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Texas House Bill HB486

Texas 2017 - 85th Regular

Texas House Bill HB486 Compare Versions

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1-85R23340 SMH-F
21 By: VanDeaver, Howard H.B. No. 486
3- Substitute the following for H.B. No. 486:
4- By: Stephenson C.S.H.B. No. 486
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63
74 A BILL TO BE ENTITLED
85 AN ACT
96 relating to the calculation of the rollback tax rate of a school
107 district.
118 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
129 SECTION 1. Section 26.08, Tax Code, is amended by adding
13- Subsections (q), (r), and (s) to read as follows:
10+ Subsections (q) and (r) to read as follows:
1411 (q) This subsection applies only to a school district
1512 described by Subsection (n) whose adopted tax rate was approved at
1613 an election under this section in the 2006 tax year or any
1714 subsequent tax year. Notwithstanding Subsection (n), for purposes
1815 of this section, the rollback tax rate of the school district is the
1916 higher of:
2017 (1) the amount computed under Subsection (n); or
2118 (2) the sum of the following:
2219 (A) the highest maintenance and operations tax
2320 rate adopted by the district for the 2007 tax year or any subsequent
2421 tax year in which the adopted tax rate of the district was approved
2522 at an election under this section; and
2623 (B) the district's current debt rate.
27- (r) Subsection (q) applies to a school district only if the
28- district has adopted a tax rate equal to or higher than the rate
29- provided by that subsection for any tax year in the preceding 10 tax
30- years.
31- (s) Subsection (q) does not apply to a school district if:
32- (1) in the 2007 tax year or a subsequent tax year
33- before the 2016 tax year the district's adopted tax rate was
34- approved at an election under this section and the maintenance and
35- operations tax rate adopted by the district for that tax year was
36- higher than the sum of the rates described by Subsections
37- (n)(2)(A)(i) and (ii);
38- (2) in the 2016 tax year the district adopted a
39- maintenance and operations tax rate that was:
40- (A) lower than the highest maintenance and
41- operations tax rate adopted by the district for a tax year in which
42- the district's adopted tax rate was approved at an election in a tax
43- year described by Subdivision (1); and
44- (B) higher than the sum of the rates described by
45- Subsections (n)(2)(A)(i) and (ii); and
46- (3) the district's adopted tax rate has not been
47- approved at an election under this section since the 2016 tax year.
24+ (r) Subsection (q) applies to a school district only if:
25+ (1) the district has adopted a tax rate equal to or
26+ higher than the rate provided by that subsection for any tax year in
27+ the preceding 10 tax years; and
28+ (2) in the 2016 tax year or any subsequent tax year the
29+ district adopted a tax rate that was lower than the tax rate
30+ described by Subsection (q)(2).
4831 SECTION 2. The change in law made by this Act applies to the
4932 ad valorem tax rate of a school district beginning with the 2018 tax
5033 year.
5134 SECTION 3. This Act takes effect January 1, 2018.