By Heflin                                       H.B. No. 3309

      75R6290 DAK-D                           

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to the repeal of property taxes, an increase in the rate

 1-3     of the sales and use tax and an expansion of that tax to any

 1-4     transaction in this state, including a sale for resale, involving

 1-5     tangible or real property or any service, and the distribution of

 1-6     the proceeds from the sales and use tax to replace property tax

 1-7     revenue.

 1-8           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-9                         ARTICLE 1.  PROPERTY TAXES

1-10           SECTION 1.01.  Title 1, Tax Code, is repealed.

1-11           SECTION 1.02.  (a)  This article takes effect January 1,

1-12     1998.

1-13           (b)  This article does not affect taxes assessed before the

1-14     effective date of this Act, and the law in effect before the

1-15     effective date of this Act is continued in effect for purposes of

1-16     the liability for and collection of those taxes and penalties and

1-17     interest on those taxes.

1-18                  ARTICLE 2.  SALES AND USE TAX PROVISIONS 

1-19           SECTION 2.01.  Subchapter A, Chapter 151, Tax Code, is

1-20     amended by adding Section 151.0046 to read as follows:

1-21           Sec. 151.0046.  "REAL PROPERTY."  Real property includes a

1-22     building, structure, or other improvement to real property.

1-23           SECTION 2.02.  Section 151.005, Tax Code, is amended to read

1-24     as follows:

 2-1           Sec. 151.005.  "SALE" OR "PURCHASE."  (a)  "Sale" or

 2-2     "purchase" means any of the following when done or performed for

 2-3     consideration:

 2-4                 (1)  a transfer of title or possession of tangible

 2-5     personal property or real property;

 2-6                 (2)  the exchange, barter, lease, or rental of tangible

 2-7     personal property or real property;

 2-8                 (3)  the performance of a taxable service or, in the

 2-9     case of an amusement service, a transfer of title to or possession

2-10     of a ticket or other admission document, the collection of an

2-11     admission fee, whether by individual performance, subscription

2-12     series, or membership privilege, the collection of dues or a fee,

2-13     charge, or assessment, including an initiation fee, by a club or

2-14     organization for membership or a special privilege, status, or

2-15     membership classification in the club or organization, or the use

2-16     of a coin-operated machine;

2-17                 (4)  the production, fabrication, processing, printing,

2-18     or imprinting of tangible personal property for consumers who

2-19     directly or indirectly furnish the materials used in the

2-20     production, fabrication, processing, printing, or imprinting;

2-21                 (5)  the furnishing and distribution of tangible

2-22     personal property by a social club or fraternal organization to

2-23     anyone;

2-24                 (6)  the furnishing, preparation, or service of food,

2-25     meals, or drinks;

2-26                 (7)  a transfer of the possession of tangible personal

2-27     property or real property if the title to the property is retained

 3-1     by the seller as security for the payment of the price;  or

 3-2                 (8)  a transfer of the title or possession of tangible

 3-3     personal property that has been produced, fabricated, or printed to

 3-4     the special order of the customer.

 3-5           (b)  "Sale" or "purchase" includes a sale for resale.

 3-6           SECTION 2.03.  Section 151.006, Tax Code, is amended to read

 3-7     as follows:

 3-8           Sec. 151.006.  "SALE FOR RESALE."  (a)  "Sale for resale"

 3-9     means a sale of:

3-10                 (1)  tangible personal property or a taxable service to

3-11     a purchaser who acquires the property or service for the purpose of

3-12     reselling it in the United States of America or a possession or

3-13     territory of the United States of America or in the United Mexican

3-14     States in the normal course of business in the form or condition in

3-15     which it is acquired or as an attachment to or integral part of

3-16     other tangible personal property or taxable service;

3-17                 (2)  tangible personal property to a purchaser for the

3-18     sole purpose of the purchaser's leasing or renting it in the United

3-19     States of America or a possession or territory of the United States

3-20     of America or in the United Mexican States to another person, but

3-21     not if incidental to the leasing or renting of real estate;

3-22                 (3)  tangible personal property to a purchaser who

3-23     acquires the property for the purpose of transferring it in the

3-24     United States of America or a possession or territory of the United

3-25     States of America or in the United Mexican States as an integral

3-26     part of a taxable service;  or

3-27                 (4)  a taxable service performed on tangible personal

 4-1     property that is held for sale by the purchaser of the taxable

 4-2     service.

 4-3           (b)  "Sale for resale" includes any sale of real property,

 4-4     without regard to whether the purchaser acquires the property with

 4-5     the intention of reselling it.

 4-6           SECTION 2.04.  Section 151.010, Tax Code, is amended to read

 4-7     as follows:

 4-8           Sec. 151.010.  "TAXABLE ITEM."  "Taxable item" means:

 4-9                 (1)  real property;

4-10                 (2)  tangible personal property; and

4-11                 (3)  taxable services.

4-12           SECTION 2.05.  Section 151.0101(a), Tax Code, is amended to

4-13     read as follows:

4-14           (a)  "Taxable services" means the performance of any services

4-15     other than services by employees as described by Section 151.057.

4-16     The term includes both services defined under this chapter and

4-17     those not defined  [:]

4-18                 [(1)  amusement services;]

4-19                 [(2)  cable television services;]

4-20                 [(3)  personal services;]

4-21                 [(4)  motor vehicle parking and storage services;]

4-22                 [(5)  the repair, remodeling, maintenance, and

4-23     restoration of tangible personal property, except:]

4-24                       [(A)  aircraft;]

4-25                       [(B)  a ship, boat, or other vessel, other than:]

4-26                             [(i)  a taxable boat or motor as defined by

4-27     Section 160.001;]

 5-1                             [(ii)  a sports fishing boat; or]

 5-2                             [(iii)  any other vessel used for pleasure;]

 5-3                       [(C)  the repair, maintenance, and restoration of

 5-4     a motor vehicle;  and]

 5-5                       [(D)  the repair, maintenance, creation, and

 5-6     restoration of a computer program, including its development and

 5-7     modification, not sold by the person performing the repair,

 5-8     maintenance, creation, or restoration service;]

 5-9                 [(6)  telecommunications services;]

5-10                 [(7)  credit reporting services;]

5-11                 [(8)  debt collection services;]

5-12                 [(9)  insurance services;]

5-13                 [(10)  information services;]

5-14                 [(11)  real property services;]

5-15                 [(12)  data processing services;]

5-16                 [(13)  real property repair and remodeling;]

5-17                 [(14)  security services; and]

5-18                 [(15)  telephone answering services].

5-19           SECTION 2.06.  Section 151.051(b), Tax Code, is amended to

5-20     read as follows:

5-21           (b)  The sales tax rate is 7 [6 1/4] percent of the sales

5-22     price of the taxable item sold.

5-23           SECTION 2.07.  Section 151.054, Tax Code, is amended to read

5-24     as follows:

5-25           Sec. 151.054.  GROSS RECEIPTS PRESUMED SUBJECT TO TAX.  (a)

5-26     All [Except as provided by Subsection (d) of this section, all]

5-27     gross receipts of a seller are presumed to have been subject to the

 6-1     sales tax unless a properly completed [resale or] exemption

 6-2     certificate is accepted by the seller.

 6-3           (b)  [A sale is exempt if the seller receives in good faith

 6-4     from a purchaser, who is in the business of selling, leasing, or

 6-5     renting taxable items, a resale certificate stating that the

 6-6     tangible personal property or service is acquired for the purpose

 6-7     of selling, leasing, or renting it in the regular course of

 6-8     business or for the purpose of transferring it as an integral part

 6-9     of a taxable service performed in the regular course of business.]

6-10           [(c)]  A sale is exempt if the seller receives in good faith

6-11     from a purchaser an exemption certificate stating qualifications

6-12     for an exemption provided in Subchapter H of this chapter.

6-13           (c) [(d)  A sale of liquor, wine, beer, or malt liquor by the

6-14     holder of a manufacturer's license, wholesaler's permit, general

6-15     class B wholesaler's permit, local class B wholesaler's permit,

6-16     local distributor's permit, or a general, local, or branch

6-17     distributor's license issued under the Alcoholic Beverage Code to

6-18     the holder of a retail license or permit issued under the Alcoholic

6-19     Beverage Code is presumed to be a sale for resale.  In a sale to

6-20     which this section applies, the seller is not required to receive a

6-21     resale certificate from the purchaser.]

6-22           [(e)]  Properly completed [resale or] exemption certificates

6-23     should be in the possession of the seller at the time the

6-24     nontaxable transaction occurs.  If the seller is not in possession

6-25     of these certificates within 60 days from the date written notice

6-26     requiring possession of them is given to the seller by the

6-27     comptroller, deductions claimed by the seller that require delivery

 7-1     of the certificates shall be disallowed.  If the seller delivers

 7-2     the certificates to the comptroller within the 60-day period, the

 7-3     comptroller may verify the reason or basis for exemption claimed in

 7-4     the certificates before allowing any deductions.  A deduction may

 7-5     not be granted on the basis of certificates delivered to the

 7-6     comptroller after the 60-day period.

 7-7           SECTION 2.08.  Section 151.055, Tax Code, is amended to read

 7-8     as follows:

 7-9           Sec. 151.055.  SALES OF ITEMS ACQUIRED FOR LEASE OR RENTAL.

7-10     [(a)  If a person purchases tangible personal property by means of

7-11     a sale for resale for the purpose of renting or leasing the

7-12     property for use but subsequently sells the property in an

7-13     occasional sale before the person has collected and paid to the

7-14     state an amount of sales tax on rental or lease charges equal to

7-15     the amount of sales tax that would have been due if the person had

7-16     not acquired the property at a sale for resale, the person at the

7-17     time of the occasional sale shall include in his receipts from

7-18     taxable sales the amount by which the purchase price of the item at

7-19     the occasional sale exceeds the amount received from renting or

7-20     leasing the property.]

7-21           [(b)]  If tangible personal property is rented or leased

7-22     under an agreement that provides that all or a portion of the

7-23     rental or lease payments may be credited against the purchase price

7-24     of the item, the lessor shall collect the sales tax on the sales

7-25     price, including the sum of all lease or rental payments for the

7-26     term of the lease or rental, at the time the purchaser takes

7-27     possession of the property or when the first payment is due,

 8-1     whichever period is the earlier.  If the purchaser-lessee returns

 8-2     the taxable item to the seller-lessor before the end of the lease

 8-3     or rental period without having acquired title to the property, the

 8-4     seller-lessor may take a credit against other taxes due under this

 8-5     chapter or claim a refund as provided by this code for an amount

 8-6     equal to the amount of the taxes paid on the unpaid portion of the

 8-7     sales price.

 8-8           SECTION 2.09.  Section 151.104, Tax Code, is amended to read

 8-9     as follows:

8-10           Sec. 151.104.  SALE FOR STORAGE, USE, OR CONSUMPTION

8-11     PRESUMED.  (a)  A sale of a taxable item by a person for delivery

8-12     in this state is presumed to be a sale for storage, use, or

8-13     consumption in this state unless an [a resale or] exemption

8-14     certificate is accepted by the seller.

8-15           (b)  [A sale is exempt if the seller receives in good faith

8-16     from a purchaser, who is in the business of selling, leasing, or

8-17     renting taxable items, a resale certificate stating that the

8-18     property is acquired for the purpose of selling, leasing, or

8-19     renting it in the regular course of business or for the purpose of

8-20     transferring it as an integral part of a taxable service performed

8-21     in the regular course of business.]

8-22           [(c)]  A sale is exempt if the seller receives in good faith

8-23     from a purchaser an exemption certificate stating qualifications

8-24     for an exemption provided in Subchapter H of this chapter.

8-25           (c) [(d)]  Properly executed [resale or] exemption

8-26     certificates should be in possession of the seller at the time the

8-27     nontaxable transaction occurs.  If the seller is not in possession

 9-1     of these certificates within 60 days from the date written notice

 9-2     requiring possession of them is given to the seller by the

 9-3     comptroller, deductions claimed by the seller that require delivery

 9-4     of the certificates shall be disallowed.  If the seller acquires

 9-5     certificates within the 60-day period, the comptroller may verify

 9-6     the reason or basis for exemption claimed in the certificates

 9-7     before allowing any deductions.  A deduction may not be granted on

 9-8     the basis of certificates obtained after the 60-day period.

 9-9           SECTION 2.10.  The heading to Subchapter E, Chapter 151, Tax

9-10     Code, is amended to read as follows:

9-11              SUBCHAPTER E. [RESALE AND] EXEMPTION CERTIFICATES

9-12           SECTION 2.11.  Section 151.313, Tax Code, is amended to read

9-13     as follows:

9-14           Sec. 151.313.  DRUGS OR MEDICINE.  A [HEALTH CARE SUPPLIES.

9-15     (a)  The following items are exempted from the taxes imposed by

9-16     this chapter:]

9-17                 [(1)  a] drug or medicine[, other than insulin,] if

9-18     prescribed or dispensed for a human or animal by a licensed

9-19     practitioner of the healing arts is exempted from the taxes imposed

9-20     by this chapter[;]

9-21                 [(2)  insulin;]

9-22                 [(3)  a hypodermic syringe or needle;]

9-23                 [(4)  a brace; hearing aid or audio loop; orthopedic,

9-24     dental, or prosthetic device; ileostomy, colostomy, or ileal

9-25     bladder appliance; or supplies or replacement parts for the listed

9-26     items;]

9-27                 [(5)  a therapeutic appliance, device, and any related

 10-1    supplies specifically designed for those products, if dispensed or

 10-2    prescribed by a licensed practitioner of the healing arts, when

 10-3    those items are purchased and used by an individual for whom the

 10-4    items listed in this subdivision were dispensed or prescribed;]

 10-5                [(6)  corrective lens and necessary and related

 10-6    supplies, if dispensed or prescribed by an ophthalmologist or

 10-7    optometrist;]

 10-8                [(7)  specialized printing or signalling equipment used

 10-9    by the deaf for the purpose of enabling the deaf to communicate

10-10    through the use of an ordinary telephone and all materials, paper,

10-11    and printing ribbons used in that equipment;]

10-12                [(8)  a braille wristwatch, braille writer, braille

10-13    paper and braille electronic equipment that connects to computer

10-14    equipment, and the necessary adaptive devices and adaptive computer

10-15    software;]

10-16                [(9)  each of the following items if purchased for use

10-17    by the blind to enable them to function more independently:  a

10-18    slate and stylus, print enlarger, light probe, magnifier, white

10-19    cane, talking clock, large print terminal, talking terminal, or

10-20    harness for guide dog; and]

10-21                [(10)  hospital beds.]

10-22          [(b)  Each of the following items is exempted from the tax

10-23    imposed by this chapter if the item is used by a person who is deaf

10-24    to enable the person to function more independently:]

10-25                [(1)  a light signal and device to adapt items such as

10-26    telecommunication devices for the deaf (TDDs), telephones,

10-27    doorbells, and smoke alarms; and]

 11-1                [(2)  adaptive devices or adaptive software for

 11-2    computers used by persons who are deaf].

 11-3          SECTION 2.12.  Section 151.419(b), Tax Code, is amended to

 11-4    read as follows:

 11-5          (b)  The application must be accompanied with:

 11-6                (1)  an agreement that is signed by the applicant or a

 11-7    responsible officer of an applicant corporation, that is in a form

 11-8    prescribed by the comptroller, and that provides that the applicant

 11-9    agrees to:

11-10                      (A)  accrue and pay all taxes imposed by

11-11    Subchapter D of this chapter on the storage and use of all taxable

11-12    items sold to or leased or rented by the permit holder unless the

11-13    items are exempted from the taxes imposed by this chapter;

11-14                      (B)  pay the imposed taxes monthly on or before

11-15    the 20th day of the month following the end of each calendar month;

11-16    and

11-17                      (C)  waive the discount permitted by Section

11-18    151.423 of this code on the payment of all taxes under the direct

11-19    payment permit only;

11-20                (2)  a description, in the amount of detail that the

11-21    comptroller requires, of the accounting method by which the

11-22    applicant proposes to differentiate between taxable and exempt

11-23    transactions; and

11-24                (3)  records establishing that the applicant is a

11-25    responsible person who annually purchases taxable items that have a

11-26    value when purchased of $800,000 or more [excluding the value of

11-27    taxable items for which resale certificates were or could have been

 12-1    given].

 12-2          SECTION 2.13.  Section 151.707, Tax Code, is amended to read

 12-3    as follows:

 12-4          Sec. 151.707.  [RESALE OR] EXEMPTION CERTIFICATE; CRIMINAL

 12-5    PENALTY.  (a)  A person commits an offense if the person:

 12-6                (1)  intentionally or knowingly makes a false entry in,

 12-7    or a fraudulent alteration of, an exemption [or resale]

 12-8    certificate;

 12-9                (2)  makes, presents, or uses an exemption certificate

12-10    [or resale certificate] with knowledge that it is false and with

12-11    the intent that it be accepted as a valid [resale or] exemption

12-12    certificate; or

12-13                (3)  intentionally conceals, removes, or impairs the

12-14    verity or legibility of an exemption [or resale] certificate or

12-15    unreasonably impedes the availability of an exemption [or resale]

12-16    certificate.

12-17          (b)  An offense under Subsection (a)(1) or (a)(2) of this

12-18    section is:

12-19                (1)  a Class C misdemeanor if the tax avoided by the

12-20    use of the exemption [or resale] certificate is less than $20;

12-21                (2)  a Class B misdemeanor if the tax avoided by the

12-22    use of the exemption [or resale] certificate is $20 or more, but

12-23    less than $200;

12-24                (3)  a Class A misdemeanor if the tax avoided by the

12-25    use of the exemption [or resale] certificate is $200 or more, but

12-26    less than $750;

12-27                (4)  a felony of the third degree if the tax avoided by

 13-1    the use of the exemption [or resale] certificate is $750 or more,

 13-2    but less than $20,000; or

 13-3                (5)  a felony of the second degree if the tax avoided

 13-4    by the use of the exemption [or resale] certificate is $20,000 or

 13-5    more.

 13-6          SECTION 2.14.  Subchapter M, Chapter 151, Tax Code, is

 13-7    amended by adding Section 151.802 to read as follows:

 13-8          Sec. 151.802.  DISPOSITION OF PROCEEDS FROM INCREASED RATE

 13-9    AND EXPANDED TAX BASE.  (a)  Notwithstanding Section 151.801, all

13-10    proceeds from the collection of the taxes imposed by this chapter

13-11    from the increase in the rate of the tax effective January 1, 1998,

13-12    or the imposition of the tax on a taxable item not subject to the

13-13    tax before January 1, 1998, shall be distributed as provided by

13-14    this section.

13-15          (b)  The comptroller shall distribute to the foundation

13-16    school fund an amount sufficient to provide each school district

13-17    with the money allotted to the district by Chapter 42, Education

13-18    Code, to be paid in the manner provided by that chapter.

13-19          (c)  The chief financial officer of each entity, other than a

13-20    school district, that imposed an ad valorem tax in 1997 shall send

13-21    an affidavit to the comptroller stating the amount of revenue

13-22    generated by the tax for that year.  The chief financial officer of

13-23    a school district shall send an affidavit to the comptroller

13-24    stating the amount of principal and interest payments due by the

13-25    school on bonded indebtedness in 1997 for bonds for which the

13-26    district's ad valorem taxes are pledged.  The comptroller by rule

13-27    shall provide for the form of the affidavit and specify any

 14-1    information that must accompany the submission of the affidavit.

 14-2    The chief financial officer shall submit the affidavit in the form

 14-3    and manner provided by the comptroller not later than July 1, 1998.

 14-4    The comptroller shall accept the affidavit only if the comptroller

 14-5    determines that the amount of revenue stated in the affidavit is

 14-6    accurate.

 14-7          (d)  The comptroller shall each year send to each entity for

 14-8    which the comptroller has accepted an affidavit submitted under

 14-9    Subsection (c) the amount of money stated in the affidavit as soon

14-10    as possible, taking into consideration the distribution of money to

14-11    school districts under Subsection (b) and the cash flow needs of

14-12    the state, but not later than  January 31 of the year following the

14-13    year for which the payment is made.

14-14          (e)  After distribution by the comptroller of all the money

14-15    necessary to make payments under this section, any remaining

14-16    revenue shall be deposited to the credit of the general revenue

14-17    fund.

14-18          SECTION 2.15.  Subchapter B, Chapter 322, Tax Code, is

14-19    amended by adding Section 322.111 to read as follows:

14-20          Sec. 322.111.  EXPANDED TAX BASE EXEMPTION.  The receipts

14-21    from the sale, use, storage, rental, or other consumption of a

14-22    taxable  item that was not subject to the tax imposed by Chapter

14-23    151 on January 1, 1998, are exempt from the tax imposed by this

14-24    chapter.

14-25          SECTION 2.16.  The following provisions of the Tax Code are

14-26    repealed:

14-27                (1)  Sections 151.0034-151.0039;

 15-1                (2)  Section 151.0048;

 15-2                (3)  Section 151.0075;

 15-3                (4)  Section 151.0102;

 15-4                (5)  Section 151.052(b);

 15-5                (6)  Sections 151.151-151.154;

 15-6                (7)  Section 151.302;

 15-7                (8)  Section 151.314;

 15-8                (9)  Section 151.315;

 15-9                (10)  Section 151.316;

15-10                (11)  Section 151.3161;

15-11                (12)  Section 151.317;

15-12                (13)  Sections 151.319(a), (b), and (c);

15-13                (14)  Section 151.320;

15-14                (15)  Section 151.322;

15-15                (16)  Section 151.3291;

15-16                (17)  Section 151.336;

15-17                (18)  Section 151.342;

15-18                (19)  Section 151.353; and

15-19                (20)  Section 151.427.

15-20          SECTION 2.17.  (a)  The receipts from the sale, use, or

15-21    rental of and the storage, use, or consumption in this state of

15-22    taxable services that become subject to the sales and use tax under

15-23    Chapter 151, Tax Code, because of the change in law made by this

15-24    article are exempt from the sales and use tax if:

15-25                (1)  the services are used for the performance of a

15-26    written contract entered into before the date this article takes

15-27    effect if the contract is not subject to change or modification by

 16-1    reason of the tax or the services are used pursuant to an

 16-2    obligation of a bid or bids submitted before the date this article

 16-3    takes effect if the bid or bids may not be withdrawn, modified, or

 16-4    changed by reason of the tax imposed by this article; and

 16-5                (2)  notice of a contract or bid on which an exemption

 16-6    is to be claimed is given by the taxpayer to the comptroller before

 16-7    the 61st day after the date this article takes effect.

 16-8          (b)  The exemption provided by this section expires on

 16-9    December 31, 2000.

16-10          SECTION 2.18.  (a)  There is exempted from the use tax

16-11    imposed by Subchapter D, Chapter 151, Tax Code, the storage, use,

16-12    or other consumption of an item of tangible personal property or

16-13    real property or the value of the performance of a service if the

16-14    item or service was purchased before January 1, 1998, and the item

16-15    or service was exempt, or, had it been purchased in Texas at the

16-16    same time would have been exempt, from the sales tax imposed by

16-17    Subchapter C, Chapter 151, Tax Code.

16-18          (b)  This section does not apply to an item or service

16-19    exempted by this section after the item or service is subject to

16-20    the sales tax imposed by Subchapter C, Chapter 151, Tax Code,

16-21    because of a subsequent sale or lease of the item.

16-22          SECTION 2.19.  (a)  This article takes effect January 1,

16-23    1998.

16-24          (b)  The comptroller shall begin payments under Section

16-25    151.802, Tax Code, as added by this Act, beginning with the

16-26    calendar year 1998.

 17-1                        ARTICLE 3.  SCHOOL FINANCE

 17-2          SECTION 3.01.  Section 42.101, Education Code, is amended to

 17-3    read as follows:

 17-4          Sec. 42.101.  BASIC ALLOTMENT.  For each student in average

 17-5    daily attendance, not including the time students spend each day in

 17-6    special education programs in an instructional arrangement other

 17-7    than mainstream or career and technology education programs, for

 17-8    which an additional allotment is made under Subchapter C, a

 17-9    district is entitled to an allotment of $3,500 [$2,387] or a

17-10    greater amount adopted by the foundation school fund budget

17-11    committee under Section 42.256. A greater amount for any school

17-12    year may be provided by appropriation.

17-13          SECTION 3.02.  Sections 42.251(a) and (b), Education Code,

17-14    are amended to read as follows:

17-15          (a)  The sum of the basic allotment under Subchapter B and

17-16    the special allotments under Subchapter C, computed in accordance

17-17    with this chapter, constitute the [tier one allotments.  The sum of

17-18    the tier one allotments, the guaranteed yield allotments under

17-19    Subchapter F, and assistance provided under the school facilities

17-20    assistance program under Subchapter H, computed in accordance with

17-21    this chapter, constitute the total cost of the] Foundation School

17-22    Program.

17-23          (b)  The program shall be financed by:

17-24                (1)  [ad valorem tax revenue generated by an equalized

17-25    uniform school district effort;]

17-26                [(2)  ad valorem tax revenue generated by local school

17-27    district effort in excess of the equalized uniform school district

 18-1    effort;]

 18-2                [(3)]  state available school funds distributed in

 18-3    accordance with law; and

 18-4                (2) [(4)]  state funds appropriated for the purposes of

 18-5    public school education and allocated to each district in an

 18-6    amount sufficient to finance the cost of each district's Foundation

 18-7    School Program not covered by state available school [other] funds

 18-8    [specified in this subsection].

 18-9          SECTION 3.03.  Sections 42.253(a)-(c) and (i), Education

18-10    Code, are amended to read as follows:

18-11          (a)  For each school year the commissioner shall determine:

18-12                (1)  the amount of money to which a school district is

18-13    entitled under Subchapters B and C; and

18-14                (2)  [the amount of money to which a school district is

18-15    entitled under Subchapter F;]

18-16                [(3)]  the amount of money allocated to the district

18-17    from the available school fund[;]

18-18                [(4)  the amount of each district's tier one local

18-19    share under Section 42.252; and]

18-20                [(5)  the amount of each district's tier two local

18-21    share under Section 42.302].

18-22          (b)  The [Except as provided by this subsection, the]

18-23    commissioner shall base the determinations under Subsection (a) on

18-24    the estimate [estimates] provided to the legislature under Section

18-25    42.254 for each school district for each school year.  [The

18-26    commissioner shall reduce the entitlement of each district that has

18-27    a final taxable value of property for the second year of a state

 19-1    fiscal biennium that is higher than the estimate under Section

 19-2    42.254.  A reduction under this subsection may not reduce the

 19-3    district's entitlement below the amount to which it is entitled at

 19-4    its actual taxable value of property.  The sum of the reductions

 19-5    under this subsection may not be greater than the amount necessary

 19-6    to fully fund the entitlement of each district.]

 19-7          (c)  Each school district is entitled to an amount equal to

 19-8    the difference for that district between [the sum of] Subsections

 19-9    (a)(1) and (a)(2) [and the sum of Subsections (a)(3), (a)(4), and

19-10    (a)(5)].

19-11          (i)  Not later than March 1 each year, the commissioner shall

19-12    determine the actual amount of state funds to which each school

19-13    district is entitled under the allocation formulas in this chapter

19-14    for the current school year and shall compare that amount with the

19-15    amount of the warrants issued to each district for that year.  If

19-16    the amount of the warrants differs from the amount to which a

19-17    district is entitled because of variations in the district's [tax

19-18    rate,] student enrollment, [or taxable value of property,] the

19-19    commissioner shall adjust the district's entitlement for the next

19-20    fiscal year accordingly.

19-21          SECTION 3.04.  Section 42.254(a), Education Code, is amended

19-22    to read as follows:

19-23          (a)  Not later than October 1 of each even-numbered year,[:]

19-24                [(1)]  the agency shall submit to the foundation school

19-25    fund budget committee and the legislature an estimate of the [tax

19-26    rate and] student enrollment of each school district for the

19-27    following biennium[; and]

 20-1                [(2)  the comptroller shall submit to the foundation

 20-2    school fund budget committee and the legislature an estimate of the

 20-3    total taxable value of all property in the state as determined

 20-4    under Subchapter M, Chapter 403, Government Code, for the following

 20-5    biennium].

 20-6          SECTION 3.05.  Section 42.256(e), Education Code, is amended

 20-7    to read as follows:

 20-8          (e)  The funding elements shall include:

 20-9                (1)  a basic allotment for the purposes of Section

20-10    42.101 that[, when combined with the guaranteed yield component

20-11    provided by Subchapter F,] represents the cost per student of a

20-12    regular education  program that meets all mandates of law and

20-13    regulation;

20-14                (2)  adjustments designed to reflect the variation in

20-15    known resource costs and costs of education beyond the control of

20-16    school districts; and

20-17                (3)  appropriate program cost differentials and other

20-18    funding elements for the programs authorized under Subchapter C,

20-19    with the program funding level expressed as dollar amounts and as

20-20    weights applied to the adjusted basic allotment for the appropriate

20-21    year[;]

20-22                [(4)  the maximum guaranteed level of qualified state

20-23    and local funds per student for the purposes of Subchapter F;]

20-24                [(5)  the enrichment and facilities tax rate under

20-25    Subchapter F;]

20-26                [(6)  the calculation of students in weighted average

20-27    daily attendance under Section 42.302; and]

 21-1                [(7)  the amount to be appropriated for the school

 21-2    facilities assistance program under Subchapter H].

 21-3          SECTION 3.06.  Section 42.259(c), Education Code, is amended

 21-4    to read as follows:

 21-5          (c)  Payments from the foundation school fund to each

 21-6    [category 2] school district shall be made as follows:

 21-7                (1)  22 percent of the yearly entitlement of the

 21-8    district shall be paid in an installment to be made on or before

 21-9    the 25th day of September of a fiscal year;

21-10                (2)  18 percent of the yearly entitlement of the

21-11    district shall be paid in an installment to be made on or before

21-12    the 25th day of October;

21-13                (3)  9.5 percent of the yearly entitlement of the

21-14    district shall be paid in an installment to be made on or before

21-15    the 25th day of November;

21-16                (4)  7.5 percent of the yearly entitlement of the

21-17    district shall be paid in an installment to be made on or before

21-18    the 25th day of April;

21-19                (5)  five percent of the yearly entitlement of the

21-20    district shall be paid in an installment to be made on or before

21-21    the 25th day of May;

21-22                (6)  10 percent of the yearly entitlement of the

21-23    district shall be paid in an installment to be made on or before

21-24    the 25th day of June;

21-25                (7)  13 percent of the yearly entitlement of the

21-26    district shall be paid in an installment to be made on or before

21-27    the 25th day of July; and

 22-1                (8)  15 percent of the yearly entitlement of the

 22-2    district shall be paid in an installment to be made on or before

 22-3    the 25th day of August.

 22-4          SECTION 3.07.  Section 45.001, Education Code, is amended to

 22-5    read as follows:

 22-6          Sec. 45.001.  BONDS; [AND BOND] TAXES.  (a)  The governing

 22-7    board of an independent school district, including the city

 22-8    council or commission that has jurisdiction over a municipally

 22-9    controlled independent school district, the governing board of a

22-10    rural high school district, and the commissioners court of a

22-11    county, on behalf of each common school district under its

22-12    jurisdiction, may issue negotiable coupon bonds for the

22-13    construction and equipment of school buildings in the district and

22-14    the purchase of the necessary sites for school buildings, and may

22-15    [levy,] pledge state funds to be received under Chapters 42 and

22-16    43[, assess, and collect annual ad  valorem taxes sufficient] to

22-17    pay the principal of and interest on the bonds as the principal and

22-18    interest become due[, subject to Section  45.003].  The bonds must

22-19    mature serially or otherwise not more than 40 years from their

22-20    date.  The bonds may be made redeemable before maturity.  All bonds

22-21    must be sold to the highest bidder for not less than their par

22-22    value and accrued interest.

22-23          (b)  Notwithstanding any other provision of this code, the

22-24    governing body of a school district may not impose an ad valorem

22-25    tax.

22-26          SECTION 3.08.  The following provisions of the Education Code

22-27    are repealed:

 23-1                (1)  Chapter 41;

 23-2                (2)  Subchapters F and G, Chapter 42;

 23-3                (3)  Subchapter H, Chapter 45;

 23-4                (4)  Sections 11.152, 42.001(b), 42.002(b), 42.103(e),

 23-5    42.251(c), 42.252, 42.253(e)-(h) and (k), 42.254(b), 42.257,

 23-6    42.259(a), (b), and (d), 45.002, 45.003, 45.006, and 45.104.

 23-7          SECTION 3.09.  Subchapter M, Chapter 403, Government Code, is

 23-8    repealed.

 23-9          SECTION 3.10.  This article takes effect September 1, 1998.

23-10                    ARTICLE 4.  CONTINGENCY; EMERGENCY

23-11          SECTION 4.01.  This Act takes effect as provided by each

23-12    article, but only if the constitutional amendment proposed by

23-13    H.J.R. No. ___, 75th Legislature, Regular Session, 1997, is

23-14    approved by the voters.  If that amendment is not approved by the

23-15    voters, this Act has no effect.

23-16          SECTION 4.02.  The importance of this legislation and the

23-17    crowded condition of the calendars in both houses create an

23-18    emergency and an imperative public necessity that the

23-19    constitutional rule requiring bills to be read on three several

23-20    days in each house be suspended, and this rule is hereby suspended.