Bill Text: TX HB110 | 2023 | 88th Legislature 3rd Special Session | Introduced
Bill Title: Relating to the state compression percentage and a school district's maximum compressed tax rate under the public school finance system.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-10-10 - Filed [HB110 Detail]
Download: Texas-2023-HB110-Introduced.html
| 88S30311 MEW-F | ||
| By: Isaac | H.B. No. 110 | |
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| relating to the state compression percentage and a school | ||
| district's maximum compressed tax rate under the public school | ||
| finance system. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 48.255(b), Education Code, is amended to | ||
| read as follows: | ||
| (b) The state compression percentage is the lower of: | ||
| (1) 93 percent, or a lower percentage set by | ||
| appropriation for a school year; | ||
| (2) the percentage determined by the following | ||
| formula: | ||
| SCP = PYCP X 1.0 [ |
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| (3) the percentage determined under this section for | ||
| the preceding school year. | ||
| SECTION 2. Section 48.2551(b), Education Code, is amended | ||
| to read as follows: | ||
| (b) A [ |
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| maximum compressed rate ("MCR") is the lesser of: | ||
| (1) the rate determined by the following [ |
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| formula: | ||
| [ |
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| MCR = [ |
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| [ |
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| [ |
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| (2) the product of the state compression percentage, | ||
| as determined under Section 48.255, for the current tax year, | ||
| multiplied by $1.00. | ||
| SECTION 3. (a) This section takes effect only if the | ||
| constitutional amendment proposed by H.J.R. 2, 88th Legislature, | ||
| 2nd Called Session, 2023, is approved by the voters. | ||
| (b) Section 48.2555(a), Education Code, as effective on | ||
| approval by the voters of H.J.R. 2, 88th Legislature, 2nd Called | ||
| Session, 2023, is amended to read as follows: | ||
| (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 [ |
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| applicable section by $0.107. | ||
| SECTION 4. Sections 48.2551(c) and 48.2552, Education Code, | ||
| are repealed. | ||
| SECTION 5. Except as otherwise provided by this Act, this | ||
| Act takes effect September 1, 2024. | ||
