Bill Text: TX SB1215 | 2011-2012 | 82nd Legislature | Introduced


Bill Title: Relating to an exemption from ad valorem taxation by a school district for maintenance and operations purposes of the appraised value of a residence homestead and the offsetting of the resulting revenue loss to school districts with state sales and use tax revenue.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2011-03-16 - Referred to Finance [SB1215 Detail]

Download: Texas-2011-SB1215-Introduced.html
  82R2859 JE/CAE-D
 
  By: Patrick S.B. No. 1215
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to an exemption from ad valorem taxation by a school
  district for maintenance and operations purposes of the appraised
  value of a residence homestead and the offsetting of the resulting
  revenue loss to school districts with state sales and use tax
  revenue.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
  ARTICLE 1. SCHOOL DISTRICT MAINTENANCE AND OPERATIONS TAXES
         SECTION 1.01.  Section 11.13, Tax Code, is amended by adding
  Subsection (s) to read as follows:
         (s)  In addition to any other exemptions provided by this
  section, an adult is entitled to an exemption from taxation by a
  school district for maintenance and operations purposes of the
  total appraised value of the adult's residence homestead.
         SECTION 1.02.  Section 11.26, Tax Code, is amended by
  amending Subsections (a), (a-3), (b), and (e) and adding
  Subsections (a-4) and (a-5) to read as follows:
         (a)  The tax officials shall appraise the property to which
  this section applies and calculate taxes as on other residence
  homesteads [property], but if the tax so calculated exceeds the
  limitation imposed by this section, the tax imposed is the amount of
  the tax as limited by this section, except as otherwise provided by
  this section. A school district may not increase the total annual
  amount of ad valorem tax it imposes on the residence homestead of an
  individual 65 years of age or older or on the residence homestead of
  an individual who is disabled, as defined by Section 11.13, above
  the amount of the tax it imposed in the first tax year in which the
  individual qualified that residence homestead for the applicable
  exemption provided by Section 11.13(c) for an individual who is 65
  years of age or older or is disabled. If the individual qualified
  that residence homestead for the exemption after the beginning of
  that first year and the residence homestead remains eligible for
  the same exemption for the next year, and if the school district
  taxes imposed on the residence homestead in the next year are less
  than the amount of taxes imposed in that first year, a school
  district may not subsequently increase the total annual amount of
  ad valorem taxes it imposes on the residence homestead above the
  amount it imposed in the year immediately following the first year
  for which the individual qualified that residence homestead for the
  same exemption, except as provided by Subsection (b). If the first
  tax year the individual qualified the residence homestead for the
  exemption provided by Section 11.13(c) for individuals 65 years of
  age or older was a tax year before the 1997 tax year, the amount of
  the limitation provided by this section is the amount of tax the
  school district imposed for the 1996 tax year less an amount equal
  to the amount determined by multiplying $10,000 times the tax rate
  of the school district for the 1997 tax year, plus any 1997 tax
  attributable to improvements made in 1996, other than improvements
  made to comply with governmental regulations or repairs.
         (a-3)  Except as provided by Subsections (a-4) and 
  [Subsection] (b), a limitation on tax increases provided by this
  section on a residence homestead computed under Subsection (a-1) or
  (a-2) continues to apply to the homestead in subsequent tax years
  until the limitation expires.
         (a-4)  Notwithstanding the other provisions of this section,
  if in the 2012 tax year an individual qualifies for a limitation on
  tax increases provided by this section on the individual's
  residence homestead, the amount of the limitation provided by this
  section on the homestead in the 2012 tax year is equal to the amount
  computed by:
               (1)  multiplying the amount of tax the school district
  imposed on the homestead in the 2011 tax year by a fraction the
  numerator of which is the current debt rate of the district for the
  2012 tax year and the denominator of which is the tax rate of the
  district for the 2011 tax year; and
               (2)  adding any tax imposed in the 2012 tax year
  attributable to improvements made in the 2011 tax year as provided
  by Subsection (b) to the lesser of the amount computed under
  Subdivision (1) or the amount of tax the district imposed on the
  homestead in the 2011 tax year.
         (a-5)  Except as provided by Subsection (b), a limitation on
  tax increases provided by this section on a residence homestead
  computed under Subsection (a-4) continues to apply to the residence
  homestead in subsequent tax years until the limitation expires.
         (b)  If an individual makes improvements to the individual's
  residence homestead, other than improvements required to comply
  with governmental requirements or repairs, the school district may
  increase the tax on the homestead in the first year the value of the
  homestead is increased on the appraisal roll because of the
  enhancement of value by the improvements. The amount of the tax
  increase is determined by applying the current debt [tax] rate to
  the difference in the assessed value of the homestead with the
  improvements and the assessed value it would have had without the
  improvements. A limitation imposed by this section then applies to
  the increased amount of tax until more improvements, if any, are
  made.
         (e)  For each school district in an appraisal district, the
  chief appraiser shall determine the portion of the appraised value
  of residence homesteads of individuals on which school district
  taxes are not imposed in a tax year because of the limitation on tax
  increases imposed by this section. That portion is calculated by
  determining the taxable value that, if multiplied by the current
  debt [tax] rate adopted by the school district for the tax year,
  would produce an amount equal to the amount of tax that would have
  been imposed by the school district on those residence homesteads
  if the limitation on tax increases imposed by this section were not
  in effect, but that was not imposed because of that limitation. The
  chief appraiser shall determine that taxable value and certify it
  to the comptroller as soon as practicable for each tax year.
         SECTION 1.03.  Section 26.09, Tax Code, is amended by adding
  Subsection (f) to read as follows:
         (f)  For purposes of calculating the tax imposed on a
  residence homestead by a school district, the tax rate of the
  district is considered to be the district's current debt rate.
         SECTION 1.04.  This article applies only to ad valorem taxes
  imposed for a tax year beginning on or after the effective date of
  this Act.
  ARTICLE 2. SALES AND USE TAX PROVISIONS
         SECTION 2.01.  Section 151.051(b), Tax Code, is amended to
  read as follows:
         (b)  Except as provided by Section 151.0514, the [The] sales
  tax rate is 6-1/4 percent of the sales price of the taxable item
  sold.
         SECTION 2.02.  Subchapter C, Chapter 151, Tax Code, is
  amended by adding Section 151.0514 to read as follows:
         Sec. 151.0514.  ANNUAL RATE CHANGE ACCORDING TO SCHOOL
  DISTRICT BUDGETS. (a)  On October 1 of each year, the rate of the
  sales tax imposed by Section 151.051 is increased or decreased by
  the rate that would annually generate an amount of sales tax revenue
  equal to the amount computed by:
               (1)  subtracting the total taxable value of all
  property in all of the school districts in this state as determined
  in the manner provided by Section 403.302(d), Government Code, from
  the total taxable value of all property in all of the school
  districts in this state as determined in the manner provided by
  Section 403.302(p), Government Code; and
               (2)  multiplying the amount computed under Subdivision
  (1) by the average school district maintenance and operations ad
  valorem tax rate for the preceding tax year.
         (b)  Not later than September 1 of each year, the comptroller
  shall:
               (1)  compute the new tax rate as provided by this
  section;
               (2)  give the new tax rate to the secretary of state for
  publication in the Texas Register; and
               (3)  notify each permit holder under this chapter of
  the new tax rate.
         SECTION 2.03.  Section 151.101(b), Tax Code, is amended to
  read as follows:
         (b)  The tax is at the same percentage rate as is provided by
  Section 151.051 or 151.0514, as applicable, [of this code] on the
  sales price of the taxable item.
         SECTION 2.04.  Sections 151.801(a) and (c), Tax Code, are
  amended to read as follows:
         (a)  Except for the amounts allocated under Subsections (b)
  and (c) and Section 151.802, all proceeds from the collection of the
  taxes imposed by this chapter shall be deposited to the credit of
  the general revenue fund.
         (c)  Except for the amount allocated under Section 151.802
  and subject [Subject] to Subsection (c-1), the proceeds from the
  collection of the taxes imposed by this chapter on the sale,
  storage, or use of sporting goods shall be deposited as follows:
               (1)  an amount equal to 94 percent of the proceeds shall
  be credited to the Parks and Wildlife Department and deposited as
  specified in the Parks and Wildlife Code; and
               (2)  an amount equal to six percent of the proceeds
  shall be credited to the Texas Historical Commission and deposited
  as specified in Section 442.073, Government Code.
         SECTION 2.05.  Subchapter M, Chapter 151, Tax Code, is
  amended by adding Section 151.802 to read as follows:
         Sec. 151.802.  ALLOCATION OF CERTAIN REVENUE TO FOUNDATION
  SCHOOL FUND. All proceeds, other than the amount of the proceeds
  allocated under Section 151.801(b), from the collection of taxes
  imposed by this chapter attributable to the portion of the tax rate
  in excess of 6.25 percent shall be deposited to the credit of the
  foundation school fund.
         SECTION 2.06.  (a)  The comptroller of public accounts shall
  begin payments under Section 151.802, Tax Code, as added by this
  article, beginning with payments for the calendar year 2012.
         (b)  The change in law made by this article does not affect
  tax liability accruing before the effective date of this Act. That
  liability continues in effect as if this article had not been
  enacted, and the former law is continued in effect for the
  collection of taxes due and for civil and criminal enforcement of the liability for those taxes.
 
  ARTICLE 3.  PUBLIC SCHOOL FINANCE
         SECTION 3.01.  Section 7.062(c), Education Code, is amended
  to read as follows:
         (c)  Except as otherwise provided by this subsection, if the
  commissioner certifies that the amount appropriated for a state
  fiscal year for purposes of Subchapters A and B, Chapter 46, exceeds
  the amount to which school districts are entitled under those
  subchapters for that year, the commissioner shall use the excess
  funds, in an amount not to exceed $20 million in any state fiscal
  year, for the purpose of making grants under this section. The use
  of excess funds under this subsection has priority over any
  provision of Chapter 42 that permits or directs the use of excess
  foundation school program funds, including Sections 42.2517,
  42.2521, [42.2522,] and 42.2531. The commissioner is required to
  use excess funds as provided by this subsection only if the
  commissioner is not required to reduce the total amount of state
  funds allocated to school districts under Section 42.253(h).
         SECTION 3.02.  Subchapter E, Chapter 42, Education Code, is
  amended by adding Section 42.2511 to read as follows:
         Sec. 42.2511.  ADDITIONAL STATE AID FOR RESIDENCE HOMESTEAD
  EXEMPTION. (a)  Notwithstanding Section 42.2516 or any other
  provision of this chapter, a school district is entitled to
  additional state aid to the extent that state aid under this chapter
  based on the determination of the school district's taxable value
  of property as provided under Subchapter M, Chapter 403, Government
  Code, does not fully compensate the district for ad valorem tax
  revenue lost due to the residence homestead exemption under Section
  1-b(j), Article VIII, Texas Constitution, as proposed by the joint
  resolution to add that subsection adopted by the 82nd Legislature,
  Regular Session, 2011.
         (b)  The commissioner, using information provided by the
  comptroller, shall compute the amount of additional state aid to
  which a district is entitled under Subsection (a). A determination
  by the commissioner under this section is final and may not be
  appealed.
         (c)  Notwithstanding any other provision of this chapter, in
  computing state aid for the 2012-2013 school year, a school
  district's taxable value of property under Subchapter M, Chapter
  403, Government Code, is determined as if the residence homestead
  exemption under Section 1-b(j), Article VIII, Texas Constitution,
  had been in effect for the 2011 tax year. This subsection expires
  September 1, 2013.
         SECTION 3.03.  Section 42.2516(f-1), Education Code, is
  amended to read as follows:
         (f-1)  The commissioner shall, in accordance with rules
  adopted by the commissioner, adjust the amount of a school
  district's local revenue derived from maintenance and operations
  tax collections, as calculated for purposes of determining the
  amount of state revenue to which the district is entitled under this
  section, if the district:
               (1)  [,] for the 2010 or 2011 tax year [or a subsequent
  tax year]:
                     (A) [(1)]  adopts an exemption under Section
  11.13(n), Tax Code, that was not in effect for the 2009 tax year, or
  eliminates an exemption under Section 11.13(n), Tax Code, that was
  in effect for the 2009 tax year; or
                     (B) [(2)]  adopts an exemption under Section
  11.13(n), Tax Code, at a greater or lesser percentage than the
  percentage in effect for the district for the 2009 tax year; or
               (2)  for the 2010 or a subsequent tax year:
                     (A) [(3)]  grants an exemption under an agreement
  authorized by Chapter 312, Tax Code, that was not in effect for the
  2009 tax year, or ceases to grant an exemption authorized by that
  chapter that was in effect for the 2009 tax year; or
                     (B) [(4)]  agrees to deposit taxes into a tax
  increment fund created under Chapter 311, Tax Code, under a
  reinvestment zone financing plan that was not in effect for the 2009
  tax year, or ceases depositing taxes into a tax increment fund
  created under that chapter under a reinvestment zone financing plan
  that was in effect for the 2009 tax year.
         SECTION 3.04.  Section 42.2521, Education Code, is amended
  by adding Subsection (a-1) to read as follows:
         (a-1)  Subsection (a) does not apply to a decline in a school
  district's tax base due to implementation of the residence
  homestead exemption under Section 1-b(j), Article VIII, Texas
  Constitution, as proposed by the joint resolution to add that
  subsection adopted by the 82nd Legislature, Regular Session, 2011.
  This subsection expires September 1, 2013.
         SECTION 3.05.  Section 42.261(a), Education Code, is amended
  to read as follows:
         (a)  Funds appropriated by the legislature for a tax year for
  the purpose of reducing a school district's maintenance and
  operations tax rate and providing state aid under Section 42.2516:
               (1)  are not excess funds for purposes of Section
  42.2517;
               (2)  are not available for purposes of Section 42.2521
  [or 42.2522];
               (3)  may not be used for purposes of Chapter 46; and
               (4)  may not be provided by the commissioner to a school
  district for a purpose other than reduction of the district's
  maintenance and operations tax rate.
         SECTION 3.06.  Section 42.302(c), Education Code, is amended
  to read as follows:
         (c)  For purposes of this section, school district taxes for
  which credit is granted under Section [31.035, 31.036, or] 31.037,
  Tax Code, are considered taxes collected by the school district as
  if the taxes were paid when the credit for the taxes was granted.
         SECTION 3.07.  Section 44.004(c), Education Code, is amended
  to read as follows:
         (c)  The notice of public meeting to discuss and adopt the
  budget and the proposed tax rate may not be smaller than one-quarter
  page of a standard-size or a tabloid-size newspaper, and the
  headline on the notice must be in 18-point or larger type.  Subject
  to Subsection (d), the notice must:
               (1)  contain a statement in the following form:
  "NOTICE OF PUBLIC MEETING TO DISCUSS BUDGET AND PROPOSED TAX RATE
         "The (name of school district) will hold a public meeting at
  (time, date, year) in (name of room, building, physical location,
  city, state).  The purpose of this meeting is to discuss the school
  district's budget that will determine the tax rate that will be
  adopted.  Public participation in the discussion is invited."  The
  statement of the purpose of the meeting must be in bold type.  In
  reduced type, the notice must state:  "The tax rate that is
  ultimately adopted at this meeting or at a separate meeting at a
  later date may not exceed the proposed rate shown below unless the
  district publishes a revised notice containing the same information
  and comparisons set out below and holds another public meeting to
  discuss the revised notice.";
               (2)  contain a section entitled "Comparison of Proposed
  Budget with Last Year's Budget," which must show the difference,
  expressed as a percent increase or decrease, as applicable, in the
  amounts budgeted for the preceding fiscal year and the amount
  budgeted for the fiscal year that begins in the current tax year for
  each of the following:
                     (A)  maintenance and operations;
                     (B)  debt service; and
                     (C)  total expenditures;
               (3)  contain a section entitled "Total Appraised Value
  and Total Taxable Value," which must show the total appraised value
  and the total taxable value of all property and the total appraised
  value and the total taxable value of new property taxable by the
  district in the preceding tax year and the current tax year as
  calculated under Section 26.04, Tax Code;
               (4)  contain a statement of the total amount of the
  outstanding and unpaid bonded indebtedness of the school district;
               (5)  contain a section entitled "Comparison of Proposed
  Rates with Last Year's Rates," which must:
                     (A)  show in rows the tax rates described by
  Subparagraphs (i)-(iii), expressed as amounts per $100 valuation of
  property, for columns entitled "Maintenance & Operations,"
  "Interest & Sinking Fund," and "Total," which is the sum of
  "Maintenance & Operations" and "Interest & Sinking Fund":
                           (i)  the school district's "Last Year's
  Rate";
                           (ii)  the "Rate to Maintain Same Level of
  Maintenance & Operations Revenue & Pay Debt Service," which:
                                 (a)  in the case of "Maintenance &
  Operations," is the tax rate that, when applied to the current
  taxable value for the district, as certified by the chief appraiser
  under Section 26.01, Tax Code, and as adjusted to reflect changes
  made by the chief appraiser as of the time the notice is prepared,
  would impose taxes in an amount that, when added to state funds to
  be distributed to the district under Chapter 42, would provide the
  same amount of maintenance and operations taxes and state funds
  distributed under Chapter 42 per student in average daily
  attendance for the applicable school year that was available to the
  district in the preceding school year; and
                                 (b)  in the case of "Interest & Sinking
  Fund," is the tax rate that, when applied to the current taxable
  value for the district, as certified by the chief appraiser under
  Section 26.01, Tax Code, and as adjusted to reflect changes made by
  the chief appraiser as of the time the notice is prepared, and when
  multiplied by the district's anticipated collection rate, would
  impose taxes in an amount that, when added to state funds to be
  distributed to the district under Chapter 46 and any excess taxes
  collected to service the district's debt during the preceding tax
  year but not used for that purpose during that year, would provide
  the amount required to service the district's debt; and
                           (iii)  the "Proposed Rate";
                     (B)  contain fourth and fifth columns aligned with
  the columns required by Paragraph (A) that show, for each row
  required by Paragraph (A):
                           (i)  the "Local Revenue per Student," which
  is computed by multiplying the district's total taxable value of
  property, as certified by the chief appraiser for the applicable
  school year under Section 26.01, Tax Code, and as adjusted to
  reflect changes made by the chief appraiser as of the time the
  notice is prepared, by the total tax rate, and dividing the product
  by the number of students in average daily attendance in the
  district for the applicable school year; and
                           (ii)  the "State Revenue per Student," which
  is computed by determining the amount of state aid received or to be
  received by the district under Chapters 42, 43, and 46 and dividing
  that amount by the number of students in average daily attendance in
  the district for the applicable school year; and
                     (C)  contain an asterisk after each calculation
  for "Interest & Sinking Fund" and a footnote to the section that, in
  reduced type, states "The Interest & Sinking Fund tax revenue is
  used to pay for bonded indebtedness on construction, equipment, or
  both.  The bonds, and the tax rate necessary to pay those bonds,
  were approved by the voters of this district.";
               (6)  [contain a section entitled "Comparison of
  Proposed Levy with Last Year's Levy on Average Residence," which
  must:
                     [(A)     show in rows the information described by
  Subparagraphs (i)-(iv), rounded to the nearest dollar, for columns
  entitled "Last Year" and "This Year":
                           [(i)     "Average Market Value of Residences,"
  determined using the same group of residences for each year;
                           [(ii)     "Average Taxable Value of
  Residences," determined after taking into account the limitation on
  the appraised value of residences under Section 23.23, Tax Code,
  and after subtracting all homestead exemptions applicable in each
  year, other than exemptions available only to disabled persons or
  persons 65 years of age or older or their surviving spouses, and
  using the same group of residences for each year;
                           [(iii)     "Last Year's Rate Versus Proposed
  Rate per $100 Value"; and
                           [(iv)     "Taxes Due on Average Residence,"
  determined using the same group of residences for each year; and
                     [(B)     contain the following
  information:     "Increase (Decrease) in Taxes" expressed in dollars
  and cents, which is computed by subtracting the "Taxes Due on
  Average Residence" for the preceding tax year from the "Taxes Due on
  Average Residence" for the current tax year;
               [(7)]  contain the following statement in bold
  print:  "Under state law, the dollar amount of school taxes imposed
  on the residence of a person 65 years of age or older or of the
  surviving spouse of such a person, if the surviving spouse was 55
  years of age or older when the person died, may not be increased
  above the amount paid in the first year after the person turned 65,
  regardless of changes in tax rate or property value.";
               (7) [(8)]  contain the following statement in bold
  print:  "Notice of Rollback Rate:  The highest tax rate the
  district can adopt before requiring voter approval at an election
  is (the school district rollback rate determined under Section
  26.08, Tax Code).  This election will be automatically held if the
  district adopts a rate in excess of the rollback rate of (the school
  district rollback rate)."; and
               (8) [(9)]  contain a section entitled "Fund Balances,"
  which must include the estimated amount of interest and sinking
  fund balances and the estimated amount of maintenance and operation
  or general fund balances remaining at the end of the current fiscal
  year that are not encumbered with or by corresponding debt
  obligation, less estimated funds necessary for the operation of the
  district before the receipt of the first payment under Chapter 42 in
  the succeeding school year.
         SECTION 3.08.  Section 403.302(d), Government Code, as
  amended by Chapters 1186 (H.B. 3676) and 1328 (H.B. 3646), Acts of
  the 81st Legislature, Regular Session, 2009, is reenacted and
  amended to read as follows:
         (d)  For the purposes of this section, "taxable value" means
  the market value of all taxable property less:
               (1)  the total dollar amount of any residence homestead
  exemptions lawfully granted under Section 11.13(s) [11.13(b) or
  (c)], Tax Code, in the year that is the subject of the study for each
  school district;
               (2)  one-half of the total dollar amount of any
  residence homestead exemptions granted under Section 11.13(n), Tax
  Code, in the year that is the subject of the study for each school
  district;
               (3)  the total dollar amount of any exemptions granted
  before May 31, 1993, within a reinvestment zone under agreements
  authorized by Chapter 312, Tax Code;
               (4)  subject to Subsection (e), the total dollar amount
  of any captured appraised value of property that:
                     (A)  is within a reinvestment zone created on or
  before May 31, 1999, or is proposed to be included within the
  boundaries of a reinvestment zone as the boundaries of the zone and
  the proposed portion of tax increment paid into the tax increment
  fund by a school district are described in a written notification
  provided by the municipality or the board of directors of the zone
  to the governing bodies of the other taxing units in the manner
  provided by Section 311.003(e), Tax Code, before May 31, 1999, and
  within the boundaries of the zone as those boundaries existed on
  September 1, 1999, including subsequent improvements to the
  property regardless of when made;
                     (B)  generates taxes paid into a tax increment
  fund created under Chapter 311, Tax Code, under a reinvestment zone
  financing plan approved under Section 311.011(d), Tax Code, on or
  before September 1, 1999; and
                     (C)  is eligible for tax increment financing under
  Chapter 311, Tax Code;
               (5)  the total dollar amount of any captured appraised
  value of property that:
                     (A)  is within a reinvestment zone:
                           (i)  created on or before December 31, 2008,
  by a municipality with a population of less than 18,000; and
                           (ii)  the project plan for which includes
  the alteration, remodeling, repair, or reconstruction of a
  structure that is included on the National Register of Historic
  Places and requires that a portion of the tax increment of the zone
  be used for the improvement or construction of related facilities
  or for affordable housing;
                     (B)  generates school district taxes that are paid
  into a tax increment fund created under Chapter 311, Tax Code; and
                     (C)  is eligible for tax increment financing under
  Chapter 311, Tax Code;
               (6)  the total dollar amount of any exemptions granted
  under Section 11.251 or 11.253, Tax Code;
               (7)  the difference between the comptroller's estimate
  of the market value and the productivity value of land that
  qualifies for appraisal on the basis of its productive capacity,
  except that the productivity value estimated by the comptroller may
  not exceed the fair market value of the land;
               (8)  the portion of the appraised value of residence
  homesteads of individuals who receive a tax limitation under
  Section 11.26, Tax Code, on which school district taxes are not
  imposed in the year that is the subject of the study, calculated as
  if the residence homesteads were appraised at the full value
  required by law;
               (9)  a portion of the market value of property not
  otherwise fully taxable by the district at market value because of:
                     (A)  action required by statute or the
  constitution of this state that, if the tax rate adopted by the
  district is applied to it, produces an amount equal to the
  difference between the tax that the district would have imposed on
  the property if the property were fully taxable at market value and
  the tax that the district is actually authorized to impose on the
  property, if this subsection does not otherwise require that
  portion to be deducted; or
                     (B)  action taken by the district under Subchapter
  B or C, Chapter 313, Tax Code, before the expiration of the
  subchapter;
               (10)  the market value of all tangible personal
  property, other than manufactured homes, owned by a family or
  individual and not held or used for the production of income;
               (11)  the appraised value of property the collection of
  delinquent taxes on which is deferred under Section 33.06, Tax
  Code;
               (12)  the portion of the appraised value of property
  the collection of delinquent taxes on which is deferred under
  Section 33.065, Tax Code; and
               (13)  the amount by which the market value of a
  residence homestead to which Section 23.23, Tax Code, applies
  exceeds the appraised value of that property as calculated under
  that section.
         SECTION 3.09.  Section 403.302(m), Government Code, as added
  by Chapter 1186 (H.B. 3676), Acts of the 81st Legislature, Regular
  Session, 2009, is amended to conform to Section 80, Chapter 1328
  (H.B. 3646), Acts of the 81st Legislature, Regular Session, 2009,
  to read as follows:
         (m)  Subsection (d)(9) [(d)(10)] does not apply to property
  that was the subject of an application under Subchapter B or C,
  Chapter 313, Tax Code, made after May 1, 2009, that the comptroller
  recommended should be disapproved.
         SECTION 3.10.  Section 403.302, Government Code, is amended
  by adding Subsection (p) to read as follows:
         (p)  For purposes of Chapter 46, Education Code, and Section
  151.0514, Tax Code, the comptroller shall compute a final value for
  each school district:
               (1)  without any deductions for residence homestead
  exemptions granted under Section 11.13(s), Tax Code; and
               (2)  with the deductions for residence homestead
  exemptions granted under Sections 11.13(b) and (c), Tax Code.
         SECTION 3.11.  (a) Section 42.2522, Education Code, is
  repealed.
         (b)  Section 403.302(k), Government Code, is repealed.
  ARTICLE 4. EFFECTIVE DATE
         SECTION 4.01.  This Act takes effect January 1, 2012, but
  only if the constitutional amendment proposed by the 82nd
  Legislature, Regular Session, 2011, authorizing the legislature to
  exempt from ad valorem taxation by a school district for
  maintenance and operations purposes all or part of the appraised
  value of a residence homestead is approved by the voters. If that
  amendment is not approved by the voters, this Act has no effect.
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