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A BILL TO BE ENTITLED
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AN ACT
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relating to the period for which the comptroller of public accounts |
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is required to use a school district's local value in determining |
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the total taxable value of property in the district if the |
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comptroller determines that the district is an eligible district. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 403.302(l), Government Code, is amended |
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to read as follows: |
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(l) If after conducting the study for a year the comptroller |
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determines that a school district is an eligible school district, |
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for that year and the following three years [year] the taxable value |
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for the school district is the district's local value. |
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SECTION 2. The change in law made by this Act applies only |
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to the study conducted under Section 403.302, Government Code, for |
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a tax year that begins on or after the effective date of this Act. |
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The study for a tax year that begins before the effective date of |
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this Act is covered by the law in effect immediately before the |
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effective date of this Act, and the prior law is continued in effect |
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for that purpose. |
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SECTION 3. This Act takes effect January 1, 2022. |