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A BILL TO BE ENTITLED
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AN ACT
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relating to a temporary reduction in the maximum compressed tax |
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rate of a school district; making an appropriation. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter F, Chapter 48, Education Code, is |
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amended by adding Section 48.2555 to read as follows: |
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Sec. 48.2555. MAXIMUM COMPRESSED TAX RATE FOR 2022-2023 |
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SCHOOL YEAR. (a) Notwithstanding any other provision of this title |
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or Chapter 26, Tax Code, for the 2022-2023 school year, the |
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commissioner shall calculate the value of a school district's |
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maximum compressed tax rate by determining the district's maximum |
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compressed rate under Section 48.2551 or 48.2552(b), if applicable, |
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and reducing the tax rate determined under the applicable section |
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by the amount by which the commissioner may reduce each district's |
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maximum compressed tax rate by an equal amount using funds |
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appropriated for the purpose of reducing each district's maximum |
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compressed tax rate under this section. |
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(b) If a school district's maximum compressed tax rate as |
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calculated under Subsection (a) would be less than 90 percent of |
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another school district's maximum compressed tax rate under |
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Subsection (a), the district's maximum compressed tax rate is the |
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value at which the district's maximum compressed tax rate would be |
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equal to 90 percent of the other district's maximum compressed tax |
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rate. |
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(c) Notwithstanding any other provision of this title or |
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Chapter 26, Tax Code, for purposes of determining funding for |
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school districts for the 2022-2023 school year, a reference in any |
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of the following provisions of law to a school district's maximum |
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compressed tax rate or maximum compressed rate as determined under |
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Section 48.2551 means the maximum compressed tax rate determined |
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for the district under this section: |
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(1) Sections 13.054(f) and (f-1); |
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(2) Section 45.003(d); |
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(3) Section 45.0032(a); |
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(4) Section 48.051(a); |
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(5) Sections 48.2553(a) and (e); and |
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(6) Section 26.08(n), Tax Code. |
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(d) For purposes of Section 30.003(f-1), a reference in that |
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section to Section 48.2551 includes this section. |
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(e) Notwithstanding any other provision of this title, for |
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purposes of determining a school district's maximum compressed tax |
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rate under Section 48.2551 for the 2023-2024 school year, the |
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commissioner shall exclude the reduction in the district's maximum |
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compressed tax rate under this section for the preceding school |
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year from the value of the district's "PYMCR." |
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(f) This section expires September 1, 2024. |
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SECTION 2. In addition to other amounts appropriated to the |
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Texas Education Agency for the state fiscal year ending August 31, |
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2023, $2.5 billion is appropriated from the general revenue fund to |
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the agency for the state fiscal year ending August 31, 2023, for use |
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in providing school district property tax relief by reducing each |
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school district's maximum compressed tax rate under Section |
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48.2555, Education Code, as added by this Act. |
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SECTION 3. 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 on the 91st day after the last day of the |
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legislative session. |