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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 ad valorem rollback tax rate of a |
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municipality. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 26.04, Tax Code, is amended by adding |
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Subsection (c-1) to read as follows: |
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(c-1) Notwithstanding any other provision of this section, |
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if this section is amended by an act of the 85th Legislature or a |
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subsequent legislature of this state and the effect of the |
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amendment is to reduce the rollback tax rate of a municipality, the |
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governing body of the municipality may direct the designated |
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officer or employee to calculate the rollback tax rate of the |
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municipality in accordance with this section as it existed on |
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January 1, 2016. |
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SECTION 2. Section 26.041, Tax Code, is amended by adding |
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Subsection (c-1) to read as follows: |
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(c-1) Notwithstanding any other provision of this section, |
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if this section is amended by an act of the 85th Legislature or a |
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subsequent legislature of this state and the effect of the |
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|
amendment is to reduce the rollback tax rate of a municipality, the |
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|
governing body of the municipality may direct the designated |
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officer or employee to calculate the rollback tax rate of the |
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municipality in accordance with this section as it existed on |
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January 1, 2016. |
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SECTION 3. (a) The change in law made by this Act applies to |
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the ad valorem tax rate of a municipality beginning with the 2017 |
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tax year, except as provided by Subsection (b) of this section. |
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(b) If the governing body of a municipality adopted an ad |
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valorem tax rate for the municipality for the 2017 tax year before |
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the effective date of this Act, the change in law made by this Act |
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applies to the ad valorem tax rate of that municipality beginning |
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with the 2018 tax year, and the law in effect when the tax rate was |
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adopted applies to the 2017 tax year with respect to that |
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municipality. |
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SECTION 4. 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, 2017. |