LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
 
March 26, 2023

TO:
Honorable Morgan Meyer, Chair, House Committee on Ways & Means
 
FROM:
Jerry McGinty, Director, Legislative Budget Board
 
IN RE:
HB3555 by Plesa (Relating to the information required to be included in or with a school district ad valorem tax bill.), As Introduced

No fiscal implication to the State is anticipated.

The bill would amend Chapter 31 of the Tax Code, relating to Collections, to require school districts with a local revenue level in excess of entitlement, that have taken measures in the current tax year to reduce the district's revenue level, to include on the tax bill or a separate statement the percentage of taxes for maintenance and operations (M&O) the school district is—and is not—required to pay to purchase average daily attendance credits for the current and preceding tax year.

The bill would require all other school districts to state on the tax bill or separate statement the percentage of the M&O revenue derived from school district levied M&O taxes, in addition to the percentage of M&O revenue derived from distributed state funds, for both the current and preceding tax year.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.


Source Agencies:
304 Comptroller of Public Accounts
LBB Staff:
JMc, KK, SD, BRI