By: Watson S.B. No. 1360
(In the Senate - Filed March 6, 2017; March 16, 2017, read
first time and referred to Committee on Finance; May 5, 2017,
reported adversely, with favorable Committee Substitute by the
following vote: Yeas 13, Nays 1; May 5, 2017, sent to printer.)
Click here to see the committee vote
COMMITTEE SUBSTITUTE FOR S.B. No. 1360 By: Watson
A BILL TO BE ENTITLED
AN ACT
relating to the information required to be included in or with a
school district ad valorem tax bill.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 31.01, Tax Code, is amended by adding
Subsections (d-2), (d-3), (d-4), (d-5), and (d-6) to read as
follows:
(d-2) This subsection and Subsection (d-3) apply only to a
school district that, for the school year beginning in the current
tax year, has entered into an agreement with the commissioner of
education to purchase average daily attendance credits as provided
by Subchapter D, Chapter 41, Education Code, in an amount
sufficient, in combination with any other actions taken under that
chapter, to reduce the school district's wealth per student to a
level that is equal to or less than the equalized wealth level as
determined by the commissioner of education under that chapter. In
addition to any other information required by this section, the tax
bill or the separate statement must include a statement in the
following form:
"Your property taxes for the (name of school district) are
$____. Of those taxes:
"$____ will be used by the (name of school district) to fund
maintenance and operations of the school district;
"$____ will be used by the (name of school district) to pay
for bonded indebtedness on construction, equipment, or both; and
"$____ will be paid by the (name of school district) to the
state for the purpose of helping fund some other school districts in
the state."
(d-3) The assessor for the school district shall compute for
the current tax year the amount of taxes imposed by the school
district on the property to fund maintenance and operations of the
school district and to pay for bonded indebtedness on construction,
equipment, or both based on the tax rates adopted by the school
district under Sections 26.05(a)(2) and (1), respectively, for the
current tax year. The assessor shall compute for the current tax
year the amount of taxes imposed by the school district on the
property that are to be paid to the state by:
(1) multiplying the amount of taxes for maintenance
and operations imposed by the school district on the property for
the current tax year by the percentage of the amount of taxes for
maintenance and operations imposed by the school district for the
current tax year that the school district is required to pay under
the agreement for the school year beginning in the current tax year
to purchase average daily attendance credits; and
(2) dividing the amount computed under Subdivision (1)
by 100.
(d-4) This subsection and Subsection (d-5) apply only to a
school district that, for the school year beginning in the current
tax year, is entitled to state aid under Chapter 42, Education Code.
In addition to any other information required by this section, the
tax bill or the separate statement must include a statement in the
following form:
"Based on your property's value, the total amount of revenue
the (name of school district) receives is $____. Of that amount:
"$____ is funded by your property taxes for maintenance and
operations;
"$____ is funded by your property taxes for bonded
indebtedness on construction, equipment, or both; and
"$____ is funded by the state."
(d-5) The assessor for the school district shall compute for
the current tax year:
(1) the amount the school district receives for
maintenance and operations and for bonded indebtedness on
construction, equipment, or both that is funded by the property
taxes on the property based on the tax rates adopted by the school
district under Sections 26.05(a)(2) and (1), respectively, for the
current tax year;
(2) the amount the school district receives that is
funded by the state and that is attributable to the property by:
(A) dividing the total amount of maintenance and
operations taxes projected to be collected by the school district
for the school year beginning in the current tax year by the tax
rate adopted by the school district under Section 26.05(a)(2) for
the current tax year;
(B) dividing the amount computed under Paragraph
(A) by 100;
(C) dividing the amount of state aid the school
district is projected to receive for the school year beginning in
the current tax year under Section 42.253(c), Education Code, by
the amount computed under Paragraph (B);
(D) multiplying the amount computed under
Paragraph (C) by the taxable value of the property; and
(E) dividing the amount computed under Paragraph
(D) by 100; and
(3) the total amount of revenue the school district
receives that is attributable to the property by adding the amounts
computed under Subdivisions (1) and (2).
(d-6) To perform the calculations described by Subsection
(d-3) or (d-5), as applicable, the assessor for the school district
may use the information included in the most recent summary of
finances report provided to the school district by the Texas
Education Agency or may request that the school district provide
more accurate information. The school district shall provide the
requested information to the assessor.
SECTION 2. This Act applies only to a bill for ad valorem
taxes imposed for a tax year beginning on or after the effective
date of this Act. A bill for ad valorem taxes imposed for a tax year
beginning before the effective date of this Act is governed by the
law in effect immediately before the effective date of this Act, and
that law is continued in effect for that purpose.
SECTION 3. This Act takes effect January 1, 2018.
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