| 1 | 1 | | 87S30265 MEW/KJE-D |
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| 2 | 2 | | By: Frank H.B. No. 108 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to a temporary reduction in the maximum compressed tax |
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| 8 | 8 | | rate of a school district; making an appropriation. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Subchapter F, Chapter 48, Education Code, is |
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| 11 | 11 | | amended by adding Section 48.2555 to read as follows: |
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| 12 | 12 | | Sec. 48.2555. MAXIMUM COMPRESSED TAX RATE FOR 2022-2023 |
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| 13 | 13 | | SCHOOL YEAR. (a) Notwithstanding any other provision of this title |
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| 14 | 14 | | or Chapter 26, Tax Code, for the 2022-2023 school year, the |
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| 15 | 15 | | commissioner shall calculate the value of a school district's |
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| 16 | 16 | | maximum compressed tax rate by determining the district's maximum |
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| 17 | 17 | | compressed rate under Section 48.2551 or 48.2552(b), if applicable, |
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| 18 | 18 | | and reducing the tax rate determined under the applicable section |
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| 19 | 19 | | by the amount by which the commissioner may reduce each district's |
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| 20 | 20 | | maximum compressed tax rate by an equal amount using funds |
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| 21 | 21 | | appropriated for the purpose of reducing each district's maximum |
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| 22 | 22 | | compressed tax rate under this section. |
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| 23 | 23 | | (b) If a school district's maximum compressed tax rate as |
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| 24 | 24 | | calculated under Subsection (a) would be less than 90 percent of |
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| 25 | 25 | | another school district's maximum compressed tax rate under |
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| 26 | 26 | | Subsection (a), the district's maximum compressed tax rate is the |
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| 27 | 27 | | value at which the district's maximum compressed tax rate would be |
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| 28 | 28 | | equal to 90 percent of the other district's maximum compressed tax |
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| 29 | 29 | | rate. |
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| 30 | 30 | | (c) Notwithstanding any other provision of this title or |
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| 31 | 31 | | Chapter 26, Tax Code, for purposes of determining funding for |
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| 32 | 32 | | school districts for the 2022-2023 school year, a reference in any |
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| 33 | 33 | | of the following provisions of law to a school district's maximum |
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| 34 | 34 | | compressed tax rate or maximum compressed rate as determined under |
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| 35 | 35 | | Section 48.2551 means the maximum compressed tax rate determined |
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| 36 | 36 | | for the district under this section: |
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| 37 | 37 | | (1) Sections 13.054(f) and (f-1); |
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| 38 | 38 | | (2) Section 45.003(d); |
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| 39 | 39 | | (3) Section 45.0032(a); |
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| 40 | 40 | | (4) Section 48.051(a); |
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| 41 | 41 | | (5) Sections 48.2553(a) and (e); and |
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| 42 | 42 | | (6) Section 26.08(n), Tax Code. |
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| 43 | 43 | | (d) For purposes of Section 30.003(f-1), a reference in that |
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| 44 | 44 | | section to Section 48.2551 includes this section. |
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| 45 | 45 | | (e) Notwithstanding any other provision of this title, for |
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| 46 | 46 | | purposes of determining a school district's maximum compressed tax |
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| 47 | 47 | | rate under Section 48.2551 for the 2023-2024 school year, the |
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| 48 | 48 | | commissioner shall exclude the reduction in the district's maximum |
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| 49 | 49 | | compressed tax rate under this section for the preceding school |
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| 50 | 50 | | year from the value of the district's "PYMCR." |
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| 51 | 51 | | (f) This section expires September 1, 2024. |
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| 52 | 52 | | SECTION 2. In addition to other amounts appropriated to the |
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| 53 | 53 | | Texas Education Agency for the state fiscal year ending August 31, |
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| 54 | 54 | | 2023, $2.5 billion is appropriated from the general revenue fund to |
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| 55 | 55 | | the agency for the state fiscal year ending August 31, 2023, for use |
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| 56 | 56 | | in providing school district property tax relief by reducing each |
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| 57 | 57 | | school district's maximum compressed tax rate under Section |
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| 58 | 58 | | 48.2555, Education Code, as added by this Act. |
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| 59 | 59 | | SECTION 3. This Act takes effect on the 91st day after the |
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| 60 | 60 | | last day of the legislative session. |
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