87S10588 TYPED
 
  By: Buckley H.B. No. 257
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the period for which the comptroller of public accounts
  is required to use a school district's local value in determining
  the total taxable value of property in the district if the
  comptroller determines that the district is an eligible district.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 403.302(l), Government Code, is amended
  to read as follows:
         (l)  If after conducting the study for a year the comptroller
  determines that a school district is an eligible school district,
  for that year and the following three years [year] the taxable value
  for the school district is the district's local value.
         SECTION 2.  The change in law made by this Act applies only
  to the study conducted under Section 403.302, Government Code, for
  a tax year that begins on or after the effective date of this Act.
  The study for a tax year that begins before the effective date of
  this Act is covered by the law in effect immediately before the
  effective date of this Act, and the prior law is continued in effect
  for that purpose.
         SECTION 3.  This Act takes effect January 1, 2022.