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 amount of taxes 1-8 that would be generated by multiplying the total taxable value of 1-9 property on the appraisal roll for the preceding year, including 1-10 all appraisal roll supplements and corrections, other than 1-11 corrections made pursuant to Section 25.25 of this code, as of the 1-12 date of calculation, by the debt rate adopted by the governing body 1-13 in the preceding year under Section 26.05(b)(1) of this code plus 1-14 the amount of debt taxes refunded during the preceding year for tax 1-15 years prior to the preceding year. 1-16 SECTION 2. Section 26.012(13), Tax Code, is amended to read 1-17 as follows: 1-18 (13) "Last year's levy" means the amount of taxes that 1-19 would be generated by multiplying the total tax rate adopted by the 1-20 governing body in the preceding year by the total taxable value of 1-21 property on the appraisal roll for the preceding year, including 1-22 all appraisal roll supplements and corrections, other than 1-23 corrections made pursuant to Section 25.25 of this code, as of the 2-1 date of the calculation, except that last year's taxable value for 2-2 a school district excludes the total value of homesteads that 2-3 qualified for a tax limitation as provided by Section 11.26 of this 2-4 code plus the amount of taxes refunded during the preceding year 2-5 for tax years prior to the preceding year. 2-6 SECTION 3. Section 26.012(14), Tax Code, is amended to read 2-7 as follows: 2-8 (14) "Last year's total value" means the total taxable 2-9 value of property listed on the appraisal roll for the preceding 2-10 year, including all appraisal roll supplements and corrections, 2-11 other than corrections made pursuant to Section 25.25 of this code, 2-12 as of the date of the calculation, except that last year's taxable 2-13 value for a school district excludes the total value of homesteads 2-14 that qualified for a tax limitation as provided by Section 11.26 of 2-15 this code. 2-16 SECTION 4. The importance of this legislation and the 2-17 crowded condition of the calendars in both houses create an 2-18 emergency and an imperative public necessity that the 2-19 constitutional rule requiring bills to be read on three several 2-20 days in each house be suspended, and this rule is hereby suspended. 2-21 COMMITTEE AMENDMENT NO. 1 2-22 Amends HB 1537: 2-23 Section 1, line 11 of page 1 delete "25.25" and substitute 2-24 "25.25(d)" 2-25 Section 2, line 25 of page 1 delete "25.25" and substitute 3-1 "25.25(d)" 3-2 Section 3, line 12 of page 2 delete "25.25" and substitute 3-3 "25.25(d)" 3-4 Marchant