78R2378 RCJ-D
By: Lewis H.B. No. 1829
A BILL TO BE ENTITLED
AN ACT
relating to the treatment of captured appraised value and tax
increment in the calculation of ad valorem tax rates for a taxing
unit.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 26.03(b), Tax Code, is repealed.
SECTION 2. This Act takes effect January 1, 2004, and
applies to the tax rate calculations under Chapter 26, Tax Code, for
a taxing unit only for a tax year that begins on or after the
effective date of this Act.