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A BILL TO BE ENTITLED
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AN ACT
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relating to freezing school district maintenance and operations ad |
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valorem taxes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 48.2551, Education Code, is amended to |
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read as follows: |
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Sec. 48.2551. MAXIMUM COMPRESSED TAX RATE. (a) In this |
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section: |
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(1) "DPV" is the taxable value of property in the |
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school district, as determined by the agency by rule, using locally |
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determined property values adjusted in accordance with Section |
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403.302(d), Government Code; |
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(2) "E" is the expiration of the exclusion of |
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appraised property value for the preceding tax year that is |
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recognized as taxable property value for the current tax year, |
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which is the sum of the following: |
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(A) property value that is no longer subject to a |
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limitation on appraised value under Chapter 313, Tax Code; and |
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(B) property value under Section 311.013(n), Tax |
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Code, that is no longer excluded from the calculation of "DPV" from |
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the preceding year because of refinancing or renewal after |
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September 1, 2019; |
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(3) "MCR" is the district's maximum compressed rate, |
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which is the tax rate for the current tax year per $100 of valuation |
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of taxable property at which the district must levy a maintenance |
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and operations tax to receive the full amount of the tier one |
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allotment to which the district is entitled under this chapter; |
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(4) "PYDPV" is the district's value of "DPV" for the |
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preceding tax year; and |
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(5) "PYMCR" is the district's value of "MCR" for the |
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preceding tax year. |
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(b) [Except as provided by Subsection (c), a] A district's |
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maximum compressed rate ("MCR") is the lesser of: |
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(1) the rate determined by the following applicable |
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formula: |
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(A) if "DPV" exceeds "PYDPV" by an amount equal |
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to or greater than 2.5 percent: |
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MCR = (1.025((PYDPV+E) X PYMCR))/DPV; or |
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(B) if Paragraph (A) does not apply: |
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MCR = PYMCR; [or] |
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(2) the product of the state compression percentage, |
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as determined under Section 48.255, for the current tax year, |
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multiplied by $1.00; or |
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(3) the rate at which it receives the same maintenance |
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and operations revenue it received the previous year. |
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[(c) Notwithstanding Subsection (b), for a district to |
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which Section 48.2552(b) applies, the district's maximum |
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compressed rate is the value calculated in accordance with Section |
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48.2552(b).] |
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(d) The agency shall: |
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(1) calculate and make available school districts' |
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maximum compressed rates, as determined under this section; and |
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(2) post the information described by Section 48.2556 |
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on the agency's Internet website as required by that section. |
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(d-1) Local appraisal districts, school districts, and the |
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comptroller shall provide any information necessary to the agency |
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to implement this section. |
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(d-2) A school district may appeal to the commissioner the |
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district's taxable property value as determined by the agency under |
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this section. A decision by the commissioner is final and may not |
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be appealed. |
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(e) It is the intent of the legislature that the state |
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continue to fund public schools at the same or similar level as the |
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state would have if this section had not taken effect. |
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SECTION 3. Section 48.2552, Education Code, is repealed. |
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SECTION 4. This Act applies beginning with the state fiscal |
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biennium beginning September 1, 2023. |
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SECTION 5. This Act takes effect on September 1, 2023. |