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A BILL TO BE ENTITLED
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AN ACT
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relating to notice requirements for changes in the effective tax |
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rate. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subsection (d), Section 26.05, Tax Code, is |
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amended to read as follows: |
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(d) The governing body of a taxing unit other than a school |
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district may not adopt a tax rate that exceeds the lower of the |
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rollback tax rate or the effective tax rate calculated as provided |
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by this chapter until the governing body has held two public |
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hearings on the proposed tax rate and has otherwise complied with |
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Section 26.06 and Section 26.065. The governing body of a taxing |
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unit shall reduce a tax rate set by law or by vote of the electorate |
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to the lower of the rollback tax rate or the effective tax rate and |
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may not adopt a higher rate unless it first complies with Section |
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26.06. The governing body of a school district may adopt a higher |
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effective tax rate without being subject to 26.06 and Section |
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26.065 if the total amount of taxes levied either decreases or |
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remains unchanged. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2007. |