Texas 2021 - 87th Regular

Texas House Bill HB2429 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	H.B. No. 2429
	1	+	By: Meyer, Shine (Senate Sponsor - Bettencourt) H.B. No. 2429
	2	+	(In the Senate - Received from the House April 12, 2021;
	3	+	April 13, 2021, read first time and referred to Committee on Local
	4	+	Government; April 21, 2021, reported favorably by the following
	5	+	vote: Yeas 9, Nays 0; April 21, 2021, sent to printer.)
	6	+	Click here to see the committee vote
2	7
3	8
	9	+	A BILL TO BE ENTITLED
4	10		AN ACT
5	11		relating to the alternate provisions for ad valorem tax rate
6	12		notices when the de minimis rate of a taxing unit exceeds the
7	13		voter-approval tax rate.
8	14		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
9	15		SECTION 1. Section 26.063, Tax Code, is amended by adding
10	16		Subsection (d) to read as follows:
11	17		(d) This subsection applies only to a taxing unit that is
12	18		not required to hold an election under Section 26.07 and for which
13	19		the qualified voters of the taxing unit may not petition to hold an
14	20		election under Section 26.075. In the notice required to be
15	21		provided by the taxing unit under Section 26.06(b-1) or (b-3), as
16	22		applicable, the taxing unit shall:
17	23		(1) add the following to the end of the list of rates
18	24		included in the notice:
19	25		"DE MINIMIS RATE $_______________ per $100";
20	26		(2) substitute the following for the definition of
21	27		"voter-approval tax rate": "The voter-approval tax rate is the
22	28		highest tax rate that (name of taxing unit) may adopt without
23	29		holding an election to seek voter approval of the rate, unless the
24	30		de minimis rate for (name of taxing unit) exceeds the
25	31		voter-approval tax rate for (name of taxing unit).";
26	32		(3) add the following definition of "de minimis rate":
27	33		"The de minimis rate is the rate equal to the sum of the
28	34		no-new-revenue maintenance and operations rate for (name of taxing
29	35		unit), the rate that will raise $500,000, and the current debt rate
30	36		for (name of taxing unit)."; and
31	37		(4) substitute the following for the provision that
32	38		provides notice that an election is required: "The proposed tax
33	39		rate is greater than the voter-approval tax rate but not greater
34	40		than the de minimis rate and does not exceed the rate that allows
35	41		voters to petition for an election under Section 26.075, Tax Code.
36	42		If (name of taxing unit) adopts the proposed tax rate, (name of
37	43		taxing unit) is not required to hold an election so that the voters
38	44		may accept or reject the proposed tax rate and the qualified voters
39	45		of the (name of taxing unit) may not petition the (name of taxing
40	46		unit) to require an election to be held to determine whether to
41	47		reduce the proposed tax rate.".
42	48		SECTION 2. The change in law made by this Act applies only
43	49		to a tax rate notice that is provided by a taxing unit on or after
44	50		the effective date of this Act. A tax rate notice that is provided
45	51		by a taxing unit before the effective date of this Act is governed
46	52		by the law in effect on the date the notice is provided, and the
47	53		former law is continued in effect for that purpose.
48	54		SECTION 3. This Act takes effect immediately if it receives
49	55		a vote of two-thirds of all the members elected to each house, as
50	56		provided by Section 39, Article III, Texas Constitution. If this
51	57		Act does not receive the vote necessary for immediate effect, this
52	58		Act takes effect September 1, 2021.
53		-	______________________________ ______________________________
54		-	President of the Senate Speaker of the House
55		-	I certify that H.B. No. 2429 was passed by the House on April
56		-	9, 2021, by the following vote: Yeas 145, Nays 0, 1 present, not
57		-	voting.
58		-	______________________________
59		-	Chief Clerk of the House
60		-	I certify that H.B. No. 2429 was passed by the Senate on April
61		-	29, 2021, by the following vote: Yeas 31, Nays 0.
62		-	______________________________
63		-	Secretary of the Senate
64		-	APPROVED: _____________________
65		-	Date
66		-	_____________________
67		-	Governor
	59	+	* * * * *