Texas 2023 - 88th Regular

Texas House Bill HB1030 Compare Versions

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1	1	88R2397 KJE-D
2	2	By: Schaefer H.B. No. 1030
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to reducing school district maintenance and operations ad
8	8	valorem taxes through the use of certain surplus state revenue.
9	9	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	10	SECTION 1. Section 48.255, Education Code, is amended by
11	11	amending Subsection (b) and adding Subsections (d) and (e) to read
12	12	as follows:
13	13	(b) Subject to Subsection (d), the [The] state compression
14	14	percentage is the lower of:
15	15	(1) 93 percent, or a lower percentage set by
16	16	appropriation for a school year;
17	17	(2) the percentage determined by the following
18	18	formula:
19	19	SCP = PYCP X 1.025/(1 + ECPV); or
20	20	(3) the percentage determined under this section for
21	21	the preceding school year.
22	22	(d) For each school year, the commissioner shall reduce the
23	23	state compression percentage determined under Subsection (b) to the
24	24	lowest percentage possible as a result of:
25	25	(1) money deposited to the credit of the property tax
26	26	relief fund under Section 403.109(e), Government Code; and
27	27	(2) any additional money appropriated for purposes of
28	28	this subsection.
29	29	(e) Notwithstanding any other law, if for any school year
30	30	the commissioner determines under Subsection (b) or (d) that the
31	31	state compression percentage is zero:
32	32	(1) a school district may not impose a tier one
33	33	maintenance and operations tax for that school year or for any
34	34	subsequent school year; and
35	35	(2) each school district is entitled to funding under
36	36	Chapter 46 and this chapter for each school year as if the district
37	37	had:
38	38	(A) a tier one maintenance and operations tax
39	39	rate equal to the district's maximum compressed tax rate determined
40	40	under Section 48.2551; and
41	41	(B) no local share for purposes of Section
42	42	48.256.
43	43	SECTION 2. Section 403.109, Government Code, is amended by
44	44	adding Subsections (e) and (f) to read as follows:
45	45	(e) The comptroller shall:
46	46	(1) allocate for deposit to the credit of the fund
47	47	general revenue in an amount equal to 90 percent of the amount by
48	48	which the amount of general revenue received in a state fiscal
49	49	biennium exceeds 104 percent of the total amount of general revenue
50	50	that was received during the preceding state fiscal biennium; and
51	51	(2) periodically deposit to the credit of the fund the
52	52	general revenue allocated under Subdivision (1), with the final
53	53	deposit for that biennium to be made not later than the 90th day of
54	54	the next state fiscal biennium.
55	55	(f) Notwithstanding any other provision of this section,
56	56	money deposited to the credit of the fund under Subsection (e) may
57	57	be appropriated only to the Texas Education Agency for use in
58	58	providing property tax relief through reduction of the state
59	59	compression percentage, as defined by Section 48.255, Education
60	60	Code.
61	61	SECTION 3. This Act applies beginning with the state fiscal
62	62	biennium beginning September 1, 2025.
63	63	SECTION 4. This Act takes effect September 1, 2023.