86R4316 SMH-D
 
  By: Watson S.B. No. 343
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the information required to be included in or with a
  school district ad valorem tax bill.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 31.01, Tax Code, is amended by adding
  Subsections (d-2), (d-3), (d-4), (d-5), and (d-6) to read as
  follows:
         (d-2)  This subsection and Subsection (d-3) apply only to a
  school district that, for the school year beginning in the current
  tax year, has entered into an agreement with the commissioner of
  education to purchase average daily attendance credits as provided
  by Subchapter D, Chapter 41, Education Code, in an amount
  sufficient, in combination with any other actions taken under that
  chapter, to reduce the school district's wealth per student to a
  level that is equal to or less than the equalized wealth level as
  determined by the commissioner of education under that chapter. In
  addition to any other information required by this section, the tax
  bill or the separate statement must include a statement in the
  following form:
         "Your property taxes for the (name of school district) are
  $____. Of those taxes:
         "$____ will be used by the (name of school district) to fund
  maintenance and operations of the school district;
         "$____ will be used by the (name of school district) to pay
  for bonded indebtedness on construction, equipment, or both; and
         "$____ will be paid by the (name of school district) to the
  state for the purpose of helping fund certain other school
  districts in the state."
         (d-3)  The assessor for the school district shall compute for
  the current tax year the amount of taxes imposed by the school
  district on the property to fund maintenance and operations of the
  school district and to pay for bonded indebtedness on construction,
  equipment, or both based on the tax rates adopted by the school
  district under Sections 26.05(a)(2) and (1), respectively, for the
  current tax year. The assessor shall compute for the current tax
  year the amount of taxes imposed by the school district on the
  property that are to be paid to the state by:
               (1)  multiplying the amount of taxes for maintenance
  and operations imposed by the school district on the property for
  the current tax year by the percentage of the amount of taxes for
  maintenance and operations imposed by the school district for the
  current tax year that the school district is required to pay under
  the agreement for the school year beginning in the current tax year
  to purchase average daily attendance credits; and
               (2)  dividing the amount computed under Subdivision (1)
  by 100.
         (d-4)  This subsection and Subsection (d-5) apply only to a
  school district that, for the school year beginning in the current
  tax year, is entitled to state aid under Chapter 42, Education Code.
  In addition to any other information required by this section, the
  tax bill or the separate statement must include a statement in the
  following form:
         "Based on your property's value, the total amount of revenue
  the (name of school district) receives is $____. Of that amount:
         "$____ is funded by your property taxes for maintenance and
  operations;
         "$____ is funded by your property taxes for bonded
  indebtedness on construction, equipment, or both; and
         "$____ is funded by the state."
         (d-5)  The assessor for the school district shall compute for
  the current tax year:
               (1)  the amount the school district receives for
  maintenance and operations and for bonded indebtedness on
  construction, equipment, or both that is funded by the property
  taxes on the property based on the tax rates adopted by the school
  district under Sections 26.05(a)(2) and (1), respectively, for the
  current tax year;
               (2)  the amount the school district receives that is
  funded by the state and that is attributable to the property by:
                     (A)  dividing the total amount of maintenance and
  operations taxes projected to be collected by the school district
  for the school year beginning in the current tax year by the tax
  rate adopted by the school district under Section 26.05(a)(2) for
  the current tax year; 
                     (B)  dividing the amount computed under Paragraph
  (A) by 100;
                     (C)  dividing the amount of state aid the school
  district is projected to receive for the school year beginning in
  the current tax year under Section 42.253(c), Education Code, by
  the amount computed under Paragraph (B);
                     (D)  multiplying the amount computed under
  Paragraph (C) by the taxable value of the property; and
                     (E)  dividing the amount computed under Paragraph
  (D) by 100; and
               (3)  the total amount of revenue the school district
  receives that is attributable to the property by adding the amounts
  computed under Subdivisions (1) and (2).
         (d-6)  To perform the calculations described by Subsection
  (d-3) or (d-5), as applicable, the assessor for the school district
  may use the information included in the most recent summary of
  finances report provided to the school district by the Texas
  Education Agency or may request that the school district provide
  more accurate information. The school district shall provide the
  requested information to the assessor.
         SECTION 2.  This Act applies only to a bill for ad valorem
  taxes imposed for a tax year beginning on or after the effective
  date of this Act. A bill for ad valorem taxes imposed for a tax year
  beginning before the effective date of this Act is governed by the
  law in effect immediately before the effective date of this Act, and
  that law is continued in effect for that purpose.
         SECTION 3.  This Act takes effect January 1, 2020.