87S20760 MEW-D
By: Frank H.B. No. 239
A BILL TO BE ENTITLED
AN ACT
relating to a temporary reduction in the maximum compressed tax
rate of a school district; making an appropriation.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter F, Chapter 48, Education Code, is
amended by adding Section 48.2555 to read as follows:
Sec. 48.2555. MAXIMUM COMPRESSED TAX RATE FOR 2022-2023
SCHOOL YEAR. (a) Notwithstanding any other provision of this title
or Chapter 26, Tax Code, for the 2022-2023 school year, the
commissioner shall calculate the value of a school district's
maximum compressed tax rate by determining the district's maximum
compressed rate under Section 48.2551 or 48.2552(b), if applicable,
and reducing the tax rate determined under the applicable section
by the amount by which the commissioner may reduce each district's
maximum compressed tax rate by an equal amount using funds
appropriated for the purpose of reducing each district's maximum
compressed tax rate under this section.
(b) If a school district's maximum compressed tax rate as
calculated under Subsection (a) would be less than 90 percent of
another school district's maximum compressed tax rate under
Subsection (a), the district's maximum compressed tax rate is the
value at which the district's maximum compressed tax rate would be
equal to 90 percent of the other district's maximum compressed tax
rate.
(c) Notwithstanding any other provision of this title or
Chapter 26, Tax Code, for purposes of determining funding for
school districts for the 2022-2023 school year, a reference in any
of the following provisions of law to a school district's maximum
compressed tax rate or maximum compressed rate as determined under
Section 48.2551 means the maximum compressed tax rate determined
for the district under this section:
(1) Sections 13.054(f) and (f-1);
(2) Section 45.003(d);
(3) Section 45.0032(a);
(4) Section 48.051(a);
(5) Sections 48.2553(a) and (e); and
(6) Section 26.08(n), Tax Code.
(d) For purposes of Section 30.003(f-1), a reference in that
section to Section 48.2551 includes this section.
(e) Notwithstanding any other provision of this title, for
purposes of determining a school district's maximum compressed tax
rate under Section 48.2551 for the 2023-2024 school year, the
commissioner shall exclude the reduction in the district's maximum
compressed tax rate under this section for the preceding school
year from the value of the district's "PYMCR."
(f) This section expires September 1, 2024.
SECTION 2. In addition to other amounts appropriated to the
Texas Education Agency for the state fiscal year ending August 31,
2023, $2.5 billion is appropriated from the general revenue fund to
the agency for the state fiscal year ending August 31, 2023, for use
in providing school district property tax relief by reducing each
school district's maximum compressed tax rate under Section
48.2555, Education Code, as added by this Act.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect on the 91st day after the last day of the
legislative session.