78R2378 RCJ-D

By:  Brimer                                                       S.B. No. 657



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  Section 26.03(b), Tax Code, is repealed.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.