This website will be unavailable from Thursday, May 30, 2024 at 6:00 p.m. through Monday, June 3, 2024 at 7:00 a.m. due to data center maintenance.
Amend CSHB 1006, in Section 26.046, Tax Code, as added by the
Carter Casteel amendment to the bill, by striking Subsection (d) of
that added section, and substituting the following:
(d) The effective tax rate and the rollback tax rate for a
taxing unit calculated under any other provision of this chapter
are increased by the rate that, if applied to current total value,
would impose an amount of taxes equal to the amount the taxing unit
is required to spend to comply with or implement an unfunded state
mandate in the budget year for which the taxes will be imposed. If
the taxing unit is a county or a municipality, in the formula for
calculating the rollback tax rate under any other provision of this
chapter, the governing body of the taxing unit may, at its option,
substitute the sum of 1 plus the consumer price index percentage
change, if any, not to exceed eight percent, for 1.05. For a county
or municipality that elects to make the substitution in the
calculation of its rollback tax rate as authorized by this
subsection, notwithstanding Section 26.07(b) (2), Tax Code, a
petition authorized by Section 26.07(a) of that code is valid only
if it is signed by a number of registered voters of the county or
municipality equal to at least 10 percent of the number of
registered voters of the taxing unit according to the most recent
official list of registered voters. Not later than July 1 of each
year the state auditor shall determine the consumer price index
percentage change and publish that change in the Texas Register. In
this subsection:
(1) "consumer price index" means the consumer price
index, as published by the Bureau of Labor Statistics of the United
States Department of Labor, that measures the average changes in
prices of goods and services purchased by urban wage earners and
clerical workers' families and single workers living alone (CPI-W:
Seasonally Adjusted U.S. City Average --- All Items).
(2) "Consumer price index percentage change" means the
percentage increase or decrease in the consumer price index for the
most recent state fiscal year for which the information is
available, from the consumer price index for the state fiscal year
preceding that state fiscal year, as calculated by the state
auditor.