LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION May 19, 2023 TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4456 by Harris, Cody (Relating to the calculation of certain ad valorem tax rates of a school district.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend Chapter 5 of the Tax Code, relating to State Administration, to require the Comptroller prescribed tax rate calculation forms for no-new-revenue tax rate and the voter-approval tax rate to be used by each taxing unit.The bill would amend Chapter 26 of the Tax Code, relating to Assessment, to provide the formula for the No-new-revenue maintenance and operations rate is for use by taxing units other than school districts. School districts would calculate the rate according to the Education Code.The bill would remove the term weighted from the expression state and local revenue per weighted student. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts, 701 Texas Education Agency LBB Staff: b > td > JMc, AF, KSk, KK, SD, BRI, LCO, CSmi
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
May 19, 2023
TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4456 by Harris, Cody (Relating to the calculation of certain ad valorem tax rates of a school district.), As Engrossed
TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB4456 by Harris, Cody (Relating to the calculation of certain ad valorem tax rates of a school district.), As Engrossed
Honorable Paul Bettencourt, Chair, Senate Committee on Local Government
Honorable Paul Bettencourt, Chair, Senate Committee on Local Government
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB4456 by Harris, Cody (Relating to the calculation of certain ad valorem tax rates of a school district.), As Engrossed
HB4456 by Harris, Cody (Relating to the calculation of certain ad valorem tax rates of a school district.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 5 of the Tax Code, relating to State Administration, to require the Comptroller prescribed tax rate calculation forms for no-new-revenue tax rate and the voter-approval tax rate to be used by each taxing unit.The bill would amend Chapter 26 of the Tax Code, relating to Assessment, to provide the formula for the No-new-revenue maintenance and operations rate is for use by taxing units other than school districts. School districts would calculate the rate according to the Education Code.The bill would remove the term weighted from the expression state and local revenue per weighted student.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts, 701 Texas Education Agency
304 Comptroller of Public Accounts, 701 Texas Education Agency
LBB Staff: b > td > JMc, AF, KSk, KK, SD, BRI, LCO, CSmi
JMc, AF, KSk, KK, SD, BRI, LCO, CSmi