Texas 2023 - 88th Regular

Texas House Bill HB4479 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New	Differences
1	1	By: Isaac H.B. No. 4479
2	2
3	3
4	4	A BILL TO BE ENTITLED
5	5	AN ACT
6	6	relating to freezing school district maintenance and operations ad
7	7	valorem taxes.
8	8	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
9	9	SECTION 1. Section 48.2551, Education Code, is amended to
10	10	read as follows:
11	11	Sec. 48.2551. MAXIMUM COMPRESSED TAX RATE. (a) In this
12	12	section:
13	13	(1) "DPV" is the taxable value of property in the
14	14	school district, as determined by the agency by rule, using locally
15	15	determined property values adjusted in accordance with Section
16	16	403.302(d), Government Code;
17	17	(2) "E" is the expiration of the exclusion of
18	18	appraised property value for the preceding tax year that is
19	19	recognized as taxable property value for the current tax year,
20	20	which is the sum of the following:
21	21	(A) property value that is no longer subject to a
22	22	limitation on appraised value under Chapter 313, Tax Code; and
23	23	(B) property value under Section 311.013(n), Tax
24	24	Code, that is no longer excluded from the calculation of "DPV" from
25	25	the preceding year because of refinancing or renewal after
26	26	September 1, 2019;
27	27	(3) "MCR" is the district's maximum compressed rate,
28	28	which is the tax rate for the current tax year per $100 of valuation
29	29	of taxable property at which the district must levy a maintenance
30	30	and operations tax to receive the full amount of the tier one
31	31	allotment to which the district is entitled under this chapter;
32	32	(4) "PYDPV" is the district's value of "DPV" for the
33	33	preceding tax year; and
34	34	(5) "PYMCR" is the district's value of "MCR" for the
35	35	preceding tax year.
36	36	(b) [Except as provided by Subsection (c), a] A district's
37	37	maximum compressed rate ("MCR") is the lesser of:
38	38	(1) the rate determined by the following applicable
39	39	formula:
40	40	(A) if "DPV" exceeds "PYDPV" by an amount equal
41	41	to or greater than 2.5 percent:
42	42	MCR = (1.025((PYDPV+E) X PYMCR))/DPV; or
43	43	(B) if Paragraph (A) does not apply:
44	44	MCR = PYMCR; [or]
45	45	(2) the product of the state compression percentage,
46	46	as determined under Section 48.255, for the current tax year,
47	47	multiplied by $1.00; or
48	48	(3) the rate at which it receives the same maintenance
49	49	and operations revenue it received the previous year.
50	50	[(c) Notwithstanding Subsection (b), for a district to
51	51	which Section 48.2552(b) applies, the district's maximum
52	52	compressed rate is the value calculated in accordance with Section
53	53	48.2552(b).]
54	54	(d) The agency shall:
55	55	(1) calculate and make available school districts'
56	56	maximum compressed rates, as determined under this section; and
57	57	(2) post the information described by Section 48.2556
58	58	on the agency's Internet website as required by that section.
59	59	(d-1) Local appraisal districts, school districts, and the
60	60	comptroller shall provide any information necessary to the agency
61	61	to implement this section.
62	62	(d-2) A school district may appeal to the commissioner the
63	63	district's taxable property value as determined by the agency under
64	64	this section. A decision by the commissioner is final and may not
65	65	be appealed.
66	66	(e) It is the intent of the legislature that the state
67	67	continue to fund public schools at the same or similar level as the
68	68	state would have if this section had not taken effect.
69	69	SECTION 3. Section 48.2552, Education Code, is repealed.
70	70	SECTION 4. This Act applies beginning with the state fiscal
71	71	biennium beginning September 1, 2023.
72	72	SECTION 5. This Act takes effect on September 1, 2023.