Enrolled Bill Summary

House Bill 390, which amends the Tax Code, applies to effective tax rate and rollback tax rate calculations for a taxing unit, other than a school district, that is located in a county with a population of less than 500,000, and includes property in a reinvestment zone. For such calculations, the bill specifies that the captured appraised value that corresponds to the taxes to be paid into the tax increment fund does not include any value that is included in the calculation of new property value as defined by the Tax Code. The change eliminates a duplicative deduction of the same value at two different steps in the calculation.