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A BILL TO BE ENTITLED
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AN ACT
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relating to the state compression percentage and a school |
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district's maximum compressed tax rate under the public school |
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finance system. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 48.255(b), Education Code, is amended to |
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read as follows: |
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(b) The state compression percentage is the lower of: |
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(1) 93 percent, or a lower percentage set by |
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appropriation for a school year; |
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(2) the percentage determined by the following |
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formula: |
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SCP = PYCP X 1.01 [1.025]/(1 + ECPV); or |
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(3) the percentage determined under this section for |
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the preceding school year. |
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SECTION 2. Section 48.2551(b), Education Code, is amended |
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to read as follows: |
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(b) Except as provided by Subsection (c), 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 one [2.5] percent: |
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MCR = (1.01 [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. |
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SECTION 3. Section 48.2552(b), Education Code, is amended |
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to read as follows: |
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(b) If a school district's maximum compressed rate as |
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calculated under Section 48.2551(b) would be less than 60 [90] |
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percent of another school district's maximum compressed rate, the |
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district's maximum compressed rate is the value at which the |
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district's maximum compressed rate would be equal to 60 [90] |
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percent of the other district's maximum compressed rate. |
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SECTION 4. This Act takes effect September 1, 2023. |