| 1 | 1 | | S.B. No. 2350 |
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| 2 | 2 | | |
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| 3 | 3 | | |
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| 4 | 4 | | AN ACT |
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| 5 | 5 | | relating to the voter-approval tax rate used to calculate the |
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| 6 | 6 | | unused increment rate of a taxing unit for ad valorem tax purposes. |
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| 7 | 7 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 8 | 8 | | SECTION 1. Section 26.013(a)(2), Tax Code, is amended to |
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| 9 | 9 | | read as follows: |
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| 10 | 10 | | (2) "Voter-approval tax rate" means a taxing unit's |
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| 11 | 11 | | voter-approval tax rate in the applicable preceding tax year, as |
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| 12 | 12 | | adopted by the taxing unit during the applicable preceding tax |
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| 13 | 13 | | year, less the unused increment rate for that preceding tax year. |
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| 14 | 14 | | SECTION 2. This Act takes effect immediately if it receives |
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| 15 | 15 | | a vote of two-thirds of all the members elected to each house, as |
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| 16 | 16 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 17 | 17 | | Act does not receive the vote necessary for immediate effect, this |
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| 18 | 18 | | Act takes effect September 1, 2023. |
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| 19 | 19 | | ______________________________ ______________________________ |
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| 20 | 20 | | President of the Senate Speaker of the House |
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| 21 | 21 | | I hereby certify that S.B. No. 2350 passed the Senate on |
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| 22 | 22 | | April 27, 2023, by the following vote: Yeas 31, Nays 0. |
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| 23 | 23 | | ______________________________ |
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| 24 | 24 | | Secretary of the Senate |
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| 25 | 25 | | I hereby certify that S.B. No. 2350 passed the House on |
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| 26 | 26 | | May 24, 2023, by the following vote: Yeas 134, Nays 4, one |
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| 27 | 27 | | present not voting. |
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| 28 | 28 | | ______________________________ |
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| 29 | 29 | | Chief Clerk of the House |
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| 30 | 30 | | Approved: |
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| 31 | 31 | | ______________________________ |
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| 32 | 32 | | Date |
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| 33 | 33 | | ______________________________ |
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| 34 | 34 | | Governor |
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