86R13144 TJB-D | ||
By: Bettencourt | S.B. No. 2337 |
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relating to the treatment of captured appraised value and tax | ||
increment in the calculation of ad valorem tax rates for a taxing | ||
unit. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 26.03, Tax Code, is repealed. | ||
SECTION 2. This Act applies to the tax rate calculations | ||
under Chapter 26, Tax Code, for a taxing unit only for a tax year | ||
that begins on or after the effective date of this Act. | ||
SECTION 3. This Act takes effect January 1, 2020. |