Bill Text: TX SB1360 | 2017-2018 | 85th Legislature | Engrossed
Bill Title: Relating to the information required to be included in or with a school district ad valorem tax bill.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2017-05-12 - Referred to Ways & Means [SB1360 Detail]
Download: Texas-2017-SB1360-Engrossed.html
By: Watson | S.B. No. 1360 |
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relating to the information required to be included in or with a | ||
school district ad valorem tax bill. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 31.01, Tax Code, is amended by adding | ||
Subsections (d-2), (d-3), (d-4), (d-5), and (d-6) to read as | ||
follows: | ||
(d-2) This subsection and Subsection (d-3) apply only to a | ||
school district that, for the school year beginning in the current | ||
tax year, has entered into an agreement with the commissioner of | ||
education to purchase average daily attendance credits as provided | ||
by Subchapter D, Chapter 41, Education Code, in an amount | ||
sufficient, in combination with any other actions taken under that | ||
chapter, to reduce the school district's wealth per student to a | ||
level that is equal to or less than the equalized wealth level as | ||
determined by the commissioner of education under that chapter. In | ||
addition to any other information required by this section, the tax | ||
bill or the separate statement must include a statement in the | ||
following form: | ||
"Your property taxes for the (name of school district) are | ||
$____. Of those taxes: | ||
"$____ will be used by the (name of school district) to fund | ||
maintenance and operations of the school district; | ||
"$____ will be used by the (name of school district) to pay | ||
for bonded indebtedness on construction, equipment, or both; and | ||
"$____ will be paid by the (name of school district) to the | ||
state for the purpose of helping fund some other school districts in | ||
the state." | ||
(d-3) The assessor for the school district shall compute for | ||
the current tax year the amount of taxes imposed by the school | ||
district on the property to fund maintenance and operations of the | ||
school district and to pay for bonded indebtedness on construction, | ||
equipment, or both based on the tax rates adopted by the school | ||
district under Sections 26.05(a)(2) and (1), respectively, for the | ||
current tax year. The assessor shall compute for the current tax | ||
year the amount of taxes imposed by the school district on the | ||
property that are to be paid to the state by: | ||
(1) multiplying the amount of taxes for maintenance | ||
and operations imposed by the school district on the property for | ||
the current tax year by the percentage of the amount of taxes for | ||
maintenance and operations imposed by the school district for the | ||
current tax year that the school district is required to pay under | ||
the agreement for the school year beginning in the current tax year | ||
to purchase average daily attendance credits; and | ||
(2) dividing the amount computed under Subdivision (1) | ||
by 100. | ||
(d-4) This subsection and Subsection (d-5) apply only to a | ||
school district that, for the school year beginning in the current | ||
tax year, is entitled to state aid under Chapter 42, Education Code. | ||
In addition to any other information required by this section, the | ||
tax bill or the separate statement must include a statement in the | ||
following form: | ||
"Based on your property's value, the total amount of revenue | ||
the (name of school district) receives is $____. Of that amount: | ||
"$____ is funded by your property taxes for maintenance and | ||
operations; | ||
"$____ is funded by your property taxes for bonded | ||
indebtedness on construction, equipment, or both; and | ||
"$____ is funded by the state." | ||
(d-5) The assessor for the school district shall compute for | ||
the current tax year: | ||
(1) the amount the school district receives for | ||
maintenance and operations and for bonded indebtedness on | ||
construction, equipment, or both that is funded by the property | ||
taxes on the property based on the tax rates adopted by the school | ||
district under Sections 26.05(a)(2) and (1), respectively, for the | ||
current tax year; | ||
(2) the amount the school district receives that is | ||
funded by the state and that is attributable to the property by: | ||
(A) dividing the total amount of maintenance and | ||
operations taxes projected to be collected by the school district | ||
for the school year beginning in the current tax year by the tax | ||
rate adopted by the school district under Section 26.05(a)(2) for | ||
the current tax year; | ||
(B) dividing the amount computed under Paragraph | ||
(A) by 100; | ||
(C) dividing the amount of state aid the school | ||
district is projected to receive for the school year beginning in | ||
the current tax year under Section 42.253(c), Education Code, by | ||
the amount computed under Paragraph (B); | ||
(D) multiplying the amount computed under | ||
Paragraph (C) by the taxable value of the property; and | ||
(E) dividing the amount computed under Paragraph | ||
(D) by 100; and | ||
(3) the total amount of revenue the school district | ||
receives that is attributable to the property by adding the amounts | ||
computed under Subdivisions (1) and (2). | ||
(d-6) To perform the calculations described by Subsection | ||
(d-3) or (d-5), as applicable, the assessor for the school district | ||
may use the information included in the most recent summary of | ||
finances report provided to the school district by the Texas | ||
Education Agency or may request that the school district provide | ||
more accurate information. The school district shall provide the | ||
requested information to the assessor. | ||
SECTION 2. This Act applies only to a bill for ad valorem | ||
taxes imposed for a tax year beginning on or after the effective | ||
date of this Act. A bill for ad valorem taxes imposed for a tax year | ||
beginning before the effective date of this Act is governed by the | ||
law in effect immediately before the effective date of this Act, and | ||
that law is continued in effect for that purpose. | ||
SECTION 3. This Act takes effect January 1, 2018. |