S.B. No. 1023 amends the Texas Tax Code to enhance the electronic format and functionality of tax rate calculation forms used by taxing units. The bill mandates that these forms must not only be fillable electronically and capable of certification by designated officers but also must be able to be incorporated into the property tax database maintained by appraisal districts. Additionally, the forms must include a hyperlink to a document that verifies the accuracy of each entry, except for those that are purely mathematical calculations.

Furthermore, the bill introduces a new requirement for taxing units affected by tax rate calculations to separately calculate adjustments for each reinvestment zone in which they participate. The designated officer or employee responsible for calculating the no-new-revenue and voter-approval tax rates must also include the aforementioned hyperlink in the forms. This legislation will take effect on January 1, 2026, and applies to tax years beginning on or after that date.

Statutes affected:
Introduced: Tax Code 5.07, Tax Code 26.03 (Tax Code 26, Tax Code 5)
Senate Committee Report: Tax Code 5.07, Tax Code 26.03 (Tax Code 26, Tax Code 5)
Engrossed: Tax Code 5.07, Tax Code 26.03 (Tax Code 26, Tax Code 5)
House Committee Report: Tax Code 5.07, Tax Code 26.03 (Tax Code 26, Tax Code 5)
Enrolled: Tax Code 5.07, Tax Code 26.03 (Tax Code 26, Tax Code 5)