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A BILL TO BE ENTITLED
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AN ACT
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relating to the voter-approval tax rate used to calculate the |
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unused increment rate of a taxing unit for ad valorem tax purposes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 26.013(a)(2), Tax Code, is amended to |
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read as follows: |
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(2) "Voter-approval tax rate" means a taxing unit's |
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voter-approval tax rate in the applicable preceding tax year, as |
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adopted by the taxing unit during the applicable preceding tax |
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year, less the unused increment rate for that preceding tax year. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2023. |