Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB3555 by Plesa (relating to the dissemination of certain school district ad valorem tax-related information.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
The bill would amend Chapter 26 of the Tax Code to require the posting of certain school district property tax information on a county's Internet website.
The bill would require the county assessor-collector to post certain information on the Internet website of the county for each school district, all or part of the territory of which is located in the county, that has a local revenue level in excess of entitlement, and that, for the school year beginning in the current tax year, has taken measures to reduce the district's revenue level to include the percentage of taxes for maintenance and operations (M&O) the school district is—and is not—required to pay to purchase average daily attendance credits for the current and preceding tax year.
The bill would require the county assessor-collector to post on the Internet website the percentage of the M&O revenue derived from school district levied M&O taxes, in addition to the percentage of M&O revenue derived from distributed state funds, for both the current and preceding tax year.
The bill would amend Chapter 31 of the Tax Code to a prescribed statement be included in or with a school district property tax bill. The prescribed statement would direct property owners to the county's Internet website to access information related to the school district's tax rate that is required to be posted on the county's Internet website as required by the bill.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.