Enrolled Bill Summary

Senate Bill 1118 amends the Tax Code to change the deadline for adoption by a taxing unit of its property tax rate and to modify rate determination if a taxing unit does not meet the deadline. Under the act, adoption must occur by the later of September 30 or the 60th day after the date the taxing unit receives the certified appraisal roll. If the deadline is not met, the tax rate for the current tax year is the lower of the effective tax rate for that year or the adopted tax rate for the preceding year.