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A BILL TO BE ENTITLED
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AN ACT
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relating to the number of registered voters of a taxing unit other |
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than a school district who are required to sign a petition for an |
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election to determine whether to reduce the ad valorem tax rate |
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adopted by the unit to the rollback tax rate in order for the |
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petition to be valid. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 26.07(b), Tax Code, is amended to read as |
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follows: |
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(b) A petition is valid only if: |
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(1) it states that it is intended to require an |
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election in the taxing unit on the question of reducing the tax rate |
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for the current year; |
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(2) it is signed by a number of registered voters of |
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the taxing unit equal to at least: |
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(A) one [seven] percent of the number of |
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registered voters of the taxing unit according to the most recent |
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list of registered voters if the tax rate adopted for the current |
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tax year would impose taxes for maintenance and operations in an |
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amount of at least $10 [$5] million; or |
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(B) three [10] percent of the number of |
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registered voters of the taxing unit according to the most recent |
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official list of registered voters if the tax rate adopted for the |
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current tax year would impose taxes for maintenance and operations |
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in an amount of less than $10 [$5] million; and |
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(3) it is submitted to the governing body on or before |
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the 90th day after the date on which the governing body adopted the |
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tax rate for the current year. |
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SECTION 2. The change in law made by this Act applies to the |
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ad valorem tax rate of a taxing unit beginning with the 2018 tax |
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year. |
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SECTION 3. This Act takes effect January 1, 2018. |