By Brown                                              S.B. No. 1010
       74R6333 JD-F
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the calculation of the effective tax rate and rollback
    1-3  tax rate of a taxing unit.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Sections 26.012(11), (13), and (14), Tax Code,
    1-6  are amended to read 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 under
   1-12  Section 25.25 of this code, as of the date of calculation, by the
   1-13  debt rate adopted by the governing body in the preceding year under
   1-14  Section 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              (13)  "Last year's levy" means the total of:
   1-18                    (A)  the amount of taxes that would be generated
   1-19  by multiplying the total tax rate adopted by the governing body in
   1-20  the preceding year by the total taxable value of property on the
   1-21  appraisal roll for the preceding year, including all appraisal roll
   1-22  supplements and corrections other than corrections made under
   1-23  Section 25.25 of this code, as of the date of the calculation,
   1-24  except that last year's taxable value for a school district
    2-1  excludes the total value of homesteads that qualified for a tax
    2-2  limitation as provided by Section 11.26 of this code; and
    2-3                    (B)  the amount of taxes refunded by the taxing
    2-4  unit in the preceding year for tax years before that year.
    2-5              (14)  "Last year's total value" means the total taxable
    2-6  value of property listed on the appraisal roll for the preceding
    2-7  year, including all appraisal roll supplements and corrections
    2-8  other than corrections made under Section 25.25 of this code, as of
    2-9  the date of the calculation, except that last year's taxable value
   2-10  for a school district excludes the total value of homesteads that
   2-11  qualified for a tax limitation as provided by Section 11.26 of this
   2-12  code.
   2-13        SECTION 2.  The change in law made by this Act applies only
   2-14  to a taxing unit that adopts a tax rate for 1995 on or after the
   2-15  effective date of this Act.  A taxing unit that adopts a tax rate
   2-16  for 1995 before the effective date of this Act is covered by the
   2-17  law in effect when the tax rate was adopted, and that law is
   2-18  continued in effect for that purpose.
   2-19        SECTION 3.  The importance of this legislation and the
   2-20  crowded condition of the calendars in both houses create an
   2-21  emergency and an imperative public necessity that the
   2-22  constitutional rule requiring bills to be read on three several
   2-23  days in each house be suspended, and this rule is hereby suspended,
   2-24  and that this Act take effect and be in force from and after its
   2-25  passage, and it is so enacted.