By Craddick H.B. No. 1537
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the calculation of the effective tax rate for taxing
1-3 units.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 26.012(11), Tax Code, is amended to read
1-6 as follows:
1-7 (11) "Last year's debt levy" means the total of:
1-8 (A) the amount of taxes that would be generated
1-9 by multiplying the total taxable value of property on the appraisal
1-10 roll for the preceding year, including all appraisal roll
1-11 supplements and corrections, other than corrections made pursuant
1-12 to Section 25.25(d) of this code, as of the date of calculation, by
1-13 the debt rate adopted by the governing body in the preceding year
1-14 under Section 26.05(a)(1) <26.05(b)(1)> of this code; and
1-15 (B) the amount of debt taxes refunded by the
1-16 taxing unit in the preceding year for tax years before that year.
1-17 SECTION 2. Section 26.012(13), Tax Code, is amended to read
1-18 as follows:
1-19 (13) "Last year's levy" means the total of:
1-20 (A) the amount of taxes that would be generated
1-21 by multiplying the total tax rate adopted by the governing body in
1-22 the preceding year by the total taxable value of property on the
1-23 appraisal roll for the preceding year, including all appraisal roll
2-1 supplements and corrections other than corrections made pursuant to
2-2 Section 25.25(d) of this code, as of the date of the calculation,
2-3 except that last year's taxable value for a school district
2-4 excludes the total value of homesteads that qualified for a tax
2-5 limitation as provided by Section 11.26 of this code; and
2-6 (B) the amount of taxes refunded by the taxing
2-7 unit in the preceding year for tax years before that year.
2-8 SECTION 3. Section 26.012(14), Tax Code, is amended to read
2-9 as follows:
2-10 (14) "Last year's total value" means the total taxable
2-11 value of property listed on the appraisal roll for the preceding
2-12 year, including all appraisal roll supplements and corrections,
2-13 other than corrections made pursuant to Section 25.25(d) of this
2-14 code, as of the date of the calculation, except that last year's
2-15 taxable value for a school district excludes the total value of
2-16 homesteads that qualified for a tax limitation as provided by
2-17 Section 11.26 of this code.
2-18 SECTION 4. Section 26.08, Tax Code, is amended by adding
2-19 Subsection (i) to read as follows:
2-20 (i) For purposes of this section, increases in taxable
2-21 values and tax levies occurring within a reinvestment zone under
2-22 the provisions of Chapter 311 (Tax Increment Financing Act), in
2-23 which the district is a participant, shall be eliminated from the
2-24 calculation of the tax rate adopted by the governing body of the
2-25 school district.
3-1 SECTION 5. The importance of this legislation and the
3-2 crowded condition of the calendars in both houses create an
3-3 emergency and an imperative public necessity that the
3-4 constitutional rule requiring bills to be read on three several
3-5 days in each house be suspended, and this rule is hereby suspended.