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A BILL TO BE ENTITLED
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AN ACT
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relating to the calculation of the rollback tax rate of a school |
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district. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 26.08, Tax Code, is amended by adding |
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Subsections (q), (r), and (s) to read as follows: |
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(q) This subsection applies only to a school district |
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described by Subsection (n) whose adopted tax rate was approved at |
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an election under this section in the 2006 tax year or any |
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subsequent tax year. Notwithstanding Subsection (n), for purposes |
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of this section, the rollback tax rate of the school district is the |
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higher of: |
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(1) the amount computed under Subsection (n); or |
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(2) the sum of the following: |
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(A) the highest maintenance and operations tax |
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rate adopted by the district for the 2007 tax year or any subsequent |
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tax year in which the adopted tax rate of the district was approved |
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at an election under this section; and |
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(B) the district's current debt rate. |
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(r) Subsection (q) applies to a school district only if the |
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district has adopted a tax rate equal to or higher than the rate |
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provided by that subsection for any tax year in the preceding 10 tax |
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years. |
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(s) Subsection (q) does not apply to a school district if: |
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(1) in the 2007 tax year or a subsequent tax year |
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before the 2016 tax year the district's adopted tax rate was |
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approved at an election under this section and the maintenance and |
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operations tax rate adopted by the district for that tax year was |
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higher than the sum of the rates described by Subsections |
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(n)(2)(A)(i) and (ii); |
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(2) in the 2016 tax year the district adopted a |
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maintenance and operations tax rate that was: |
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(A) lower than the highest maintenance and |
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operations tax rate adopted by the district for a tax year in which |
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the district's adopted tax rate was approved at an election in a tax |
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year described by Subdivision (1); and |
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(B) higher than the sum of the rates described by |
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Subsections (n)(2)(A)(i) and (ii); and |
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(3) the district's adopted tax rate has not been |
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approved at an election under this section since the 2016 tax year. |
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SECTION 2. The change in law made by this Act applies to the |
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ad valorem tax rate of a school district beginning with the 2018 tax |
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year. |
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SECTION 3. This Act takes effect January 1, 2018. |