Texas 2021 - 87th 3rd C.S.

Texas House Bill HB122 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	87S30392 TYPED
2	2	By: Buckley H.B. No. 122
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to the school district property value study conducted by
8	8	the comptroller of public accounts.
9	9	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	10	SECTION 1. Section 403.3011(2), Government Code, is amended
11	11	to read as follows:
12	12	(2) "Eligible school district" means a school district
13	13	for which the comptroller has determined the following:
14	14	(A) in the most recent study, the local value is
15	15	invalid under Section 403.302(c) and does not exceed the state
16	16	value for the school district determined in the study;
17	17	(B) in the two studies preceding the most recent
18	18	study, the school district's local value was valid under Section
19	19	403.302(c);
20	20	(C) in the most recent study, the aggregate local
21	21	value of all of the categories of property sampled by the
22	22	comptroller is not less than 80 [90] percent of the lower limit of
23	23	the margin of error as determined by the comptroller of the
24	24	aggregate value as determined by the comptroller of all of the
25	25	categories of property sampled by the comptroller; and
26	26	(D) the appraisal district that appraises
27	27	property for the school district was in compliance with the scoring
28	28	requirement of the comptroller's most recent review of the
29	29	appraisal district conducted under Section 5.102, Tax Code.
30	30	SECTION 2. Section 403.302(c), Government Code, is amended
31	31	to read as follows:
32	32	(c) If after conducting the study the comptroller
33	33	determines that the local value for a school district is valid, the
34	34	local value is presumed to represent taxable value for the school
35	35	district. In the absence of that presumption, taxable value for a
36	36	school district is the state value for the school district
37	37	determined by the comptroller under Subsections (a) and (b) unless
38	38	the local value exceeds the state value, in which case the taxable
39	39	value for the school district is the district's local value. In
40	40	determining whether the local value for a school district is valid,
41	41	the comptroller shall use a margin of error that does not exceed 10
42	42	[five] percent unless the comptroller determines that the size of
43	43	the sample of properties necessary to make the determination makes
44	44	the use of such a margin of error not feasible, in which case the
45	45	comptroller may use a larger margin of error.
46	46	SECTION 3. The change in law made by this Act applies only
47	47	to the annual study conducted under Section 403.302, Government
48	48	Code, for a tax year that begins on or after January 1, 2022. The
49	49	annual study for a tax year that begins before that date is covered
50	50	by the law in effect immediately before the effective date of this
51	51	Act, and the prior law is continued in effect for that purpose.
52	52	SECTION 4. This Act takes effect immediately if it receives
53	53	a vote of two-thirds of all the members elected to each house, as
54	54	provided by Section 39, Article III, Texas Constitution. If this
55	55	Act does not receive the vote necessary for immediate effect, this
56	56	Act takes effect on the 91st day after the last day of the
57	57	legislative session.