87R2599 CJC-D
By: Kolkhorst S.B. No. 1211
A BILL TO BE ENTITLED
AN ACT
relating to the determination of the total taxable value of
property in a school district that has entered into an agreement
under the Texas Economic Development Act.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 48.256(d), Education Code, is amended to
read as follows:
(d) This subsection applies to a school district in which
the board of trustees entered into a written agreement with a
property owner under Section 313.027, Tax Code, for the
implementation of a limitation on appraised value under Subchapter
B or C, Chapter 313, Tax Code. For purposes of determining "DPV"
under Subsection (a) for a school district to which this subsection
applies, the commissioner shall exclude an amount equal to one-half
of the [a] portion of the market value of property not otherwise
fully taxable by the district under Subchapter B or C, Chapter 313,
Tax Code, before the expiration of the subchapter. The comptroller
shall provide information to the agency necessary for this
subsection. A revenue protection payment required as part of an
agreement for a limitation on appraised value shall be based on the
district's taxable value of property for the preceding tax year.
SECTION 2. This Act takes effect September 1, 2021.