| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to providing property tax relief through the public school |
|
|
finance system, exemptions, limitations on appraisals and taxes, |
|
|
and property tax administration. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
ARTICLE 1. SHORT TITLE |
|
|
SECTION 1.01. This Act may be cited as the Property Tax |
|
|
Relief Act. |
|
|
ARTICLE 2. SCHOOL DISTRICT TAX RATE COMPRESSION |
|
|
SECTION 2.01. Subchapter F, Chapter 48, Education Code, is |
|
|
amended by adding Sections 48.2555 and 48.283 to read as follows: |
|
|
Sec. 48.2555. MAXIMUM COMPRESSED TAX RATE FOR 2023-2024 |
|
|
SCHOOL YEAR. (a) Notwithstanding any other provision of this title |
|
|
or Chapter 26, Tax Code, for the 2023-2024 school year, the |
|
|
commissioner shall calculate the value of a school district's |
|
|
maximum compressed tax rate by determining the district's maximum |
|
|
compressed rate under Section 48.2551 or 48.2552(b), if applicable, |
|
|
and reducing the tax rate determined under the applicable section |
|
|
by $0.15. |
|
|
(b) If a school district's maximum compressed tax rate as |
|
|
calculated under Subsection (a) would be less than 90 percent of |
|
|
another school district's maximum compressed tax rate under |
|
|
Subsection (a), the district's maximum compressed tax rate is the |
|
|
value at which the district's maximum compressed tax rate would be |
|
|
equal to 90 percent of the other district's maximum compressed tax |
|
|
rate. |
|
|
(c) Notwithstanding any other provision of this title or |
|
|
Chapter 26, Tax Code, for purposes of determining funding for |
|
|
school districts for the 2023-2024 school year, a reference in any |
|
|
of the following provisions of law to a school district's maximum |
|
|
compressed tax rate or maximum compressed rate as determined under |
|
|
Section 48.2551 means the maximum compressed tax rate determined |
|
|
for the district under this section: |
|
|
(1) Section 13.054(f); |
|
|
(2) Section 45.003(d); |
|
|
(3) Section 45.0032(a); |
|
|
(4) Section 48.051(a); |
|
|
(5) Sections 48.2553(a) and (e); and |
|
|
(6) Section 26.08(n), Tax Code. |
|
|
(d) For purposes of Section 30.003(f-1), a reference in that |
|
|
section to Section 48.2551 includes this section. |
|
|
(e) Notwithstanding any other provision of this title, for |
|
|
purposes of determining a school district's maximum compressed tax |
|
|
rate under Section 48.2551 for the 2024-2025 school year, the value |
|
|
of the district's "PYMCR" is the maximum compressed tax rate |
|
|
determined for the district under this section for the preceding |
|
|
school year. |
|
|
(f) This section expires September 1, 2025. |
|
|
Sec. 48.283. ADDITIONAL STATE AID FOR CERTAIN DISTRICTS |
|
|
IMPACTED BY COMPRESSION. A school district that received an |
|
|
adjustment under Section 48.257(b) for the 2022-2023 school year is |
|
|
entitled to additional state aid for each school year in an amount |
|
|
equal to the amount of that adjustment for the 2022-2023 school year |
|
|
less the difference, if the difference is greater than zero, |
|
|
between: |
|
|
(1) the amount to which the district is entitled under |
|
|
this chapter for the current school year; and |
|
|
(2) the amount to which the district would be entitled |
|
|
under this chapter for the current school year if the district's |
|
|
maximum compressed tax rate had not been reduced under Section |
|
|
48.2555, as added by S.B. 3, Acts of the 88th Legislature, Regular |
|
|
Session, 2023. |
|
|
ARTICLE 3. SCHOOL DISTRICT RESIDENCE HOMESTEAD EXEMPTION |
|
|
SECTION 3.01. Section 11.13(b), Tax Code, is amended to |
|
|
read as follows: |
|
|
(b) An adult is entitled to exemption from taxation by a |
|
|
school district of $100,000 [$40,000] of the appraised value of the |
|
|
adult's residence homestead, except that only $5,000 of the |
|
|
exemption applies to an entity operating under former Chapter 17, |
|
|
18, 25, 26, 27, or 28, Education Code, as those chapters existed on |
|
|
May 1, 1995, as permitted by Section 11.301, Education Code. |
| Statutes affected:
Introduced: Tax Code 11.13, Tax Code 11.301, Education Code 46.071, Education Code 48.2542, Education Code 48.2543, Education Code 48.2556, Government Code 403.302 (Education Code 48, Education Code 46, Tax Code 11, Government Code 403)
Senate Committee Report: Tax Code 11.13, Tax Code 11.26, Tax Code 25.23, Tax Code 26.04, Tax Code 26.08, Tax Code 26.09, Tax Code 26.15, Tax Code 31.01, Tax Code 31.02, Education Code 46.071, Education Code 48.2542, Education Code 48.2543, Education Code 48.2556, Education Code 45.0032, Education Code 49.004, Education Code 49.154, Education Code 49.308, Government Code 403.302 (Tax Code 26, Education Code 46, Tax Code 31, Education Code 45, Education Code 48, Education Code 49, Tax Code 11, Government Code 403, Tax Code 25)
Engrossed: Tax Code 11.13, Tax Code 11.26, Tax Code 25.23, Tax Code 26.04, Tax Code 26.08, Tax Code 26.09, Tax Code 26.15, Tax Code 31.01, Tax Code 31.02, Education Code 46.071, Education Code 48.2542, Education Code 48.2543, Education Code 48.2556, Education Code 45.0032, Education Code 49.004, Education Code 49.154, Education Code 49.308, Government Code 403.302 (Tax Code 26, Education Code 46, Tax Code 31, Education Code 45, Education Code 48, Education Code 49, Tax Code 11, Government Code 403, Tax Code 25)
House Committee Report: Tax Code 11.13, Tax Code 11.301, Education Code 46.071, Education Code 48.2542, Education Code 48.2543, Education Code 48.2556, Education Code 45.0032, Education Code 49.004, Education Code 49.154, Education Code 49.308, Government Code 403.302, Tax Code 1.12, Tax Code 23.23, Tax Code 1201.2055, Tax Code 31.072, Tax Code 25.23, Tax Code 26.04, Tax Code 26.08, Tax Code 26.09, Tax Code 26.15, Tax Code 31.01, Tax Code 31.02 (Tax Code 26, Education Code 46, Tax Code 23, Tax Code 31, Education Code 45, Tax Code 1201, Education Code 48, Tax Code 1, Education Code 49, Tax Code 11, Government Code 403, Tax Code 25)