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A BILL TO BE ENTITLED
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AN ACT
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relating to the calculation of the rollback tax rate of a school |
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district. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 26.08(n), Tax Code, is amended to read as |
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follows: |
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(n) For purposes of this section, the rollback tax rate of a |
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school district whose maintenance and operations tax rate for the |
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2005 tax year was $1.50 or less per $100 of taxable value is[:
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[(1)
for the 2006 tax year, the sum of the rate that is
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equal to 88.67 percent of the maintenance and operations tax rate
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adopted by the district for the 2005 tax year, the rate of $0.04 per
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$100 of taxable value, and the district's current debt rate; and
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[(2) for the 2007 and subsequent tax years,] the |
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lesser of the following: |
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(1) [(A)] the sum of the following: |
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(A) [(i)] the rate per $100 of taxable value that |
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is equal to the product of the state compression percentage, as |
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determined under Section 42.2516, Education Code, for the current |
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year and $1.50; |
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(B) [(ii)] the rate of $0.08 [$0.04] per $100 of |
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taxable value; |
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(C) [(iii)] the rate that is equal to the sum of |
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the differences for the 2006 and each subsequent tax year between |
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the adopted tax rate of the district for that year if the rate was |
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approved at an election under this section and the rollback tax rate |
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of the district for that year; and |
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(D) [(iv)] the district's current debt rate; or |
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(2) [(B)] the sum of the following: |
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(A) [(i)] the effective maintenance and |
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operations tax rate of the district as computed under Subsection |
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(i) or (k), as applicable; |
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(B) [(ii)] the rate per $100 of taxable value |
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that is equal to the product of the state compression percentage, as |
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determined under Section 42.2516, Education Code, for the current |
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year and $0.06; and |
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(C) [(iii)] the district's current debt rate. |
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SECTION 2. (a) The change in law made by this Act applies |
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to the ad valorem tax rate of a school district beginning with the |
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2009 tax year, except as provided by Subsection (b) of this section. |
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(b) If the governing body of a school district adopted an ad |
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valorem tax rate for the school district for the 2009 tax year |
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before the effective date of this Act, the change in law made by |
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this Act applies to the ad valorem tax rate of that school district |
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beginning with the 2010 tax year, and the law in effect when the tax |
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rate was adopted applies to the 2009 tax year with respect to that |
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school district. |
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SECTION 3. 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, 2009. |