Bill Text: TX SB4 | 2023-2024 | 88th Legislature | Engrossed


Bill Title: Relating to the maximum compressed tax rate of a school district.

Spectrum: Bipartisan Bill

Status: (Engrossed - Dead) 2023-04-10 - Referred to Ways & Means [SB4 Detail]

Download: Texas-2023-SB4-Engrossed.html
 
 
  By: Bettencourt, et al. S.B. No. 4
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the maximum compressed tax rate of a school district.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 48.2552(b), Education Code, is amended
  to read as follows:
         (b)  If a school district's maximum compressed rate as
  calculated under Section 48.2551(b) would be less than 80 [90]
  percent of another school district's maximum compressed rate, the
  district's maximum compressed rate is the value at which the
  district's maximum compressed rate would be equal to 80 [90]
  percent of the other district's maximum compressed rate.
         SECTION 2.  Subchapter F, Chapter 48, Education Code, is
  amended by adding Sections 48.2555 and 48.283 to read as follows:
         Sec. 48.2555.  MAXIMUM COMPRESSED TAX RATE FOR 2023-2024
  SCHOOL YEAR.  (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 or 48.2552(b), if applicable,
  and reducing the tax rate determined under the applicable section
  by the amount by which the commissioner may reduce each district's
  maximum compressed tax rate by an equal amount using money
  appropriated for the purpose of reducing each district's maximum
  compressed tax rate under this section.
         (b)  If a school district's maximum compressed tax rate as
  calculated under Subsection (a) would be less than 80 percent of
  another school district's maximum compressed tax rate under
  Subsection (a), the district's maximum compressed tax rate is the
  value at which the district's maximum compressed tax rate would be
  equal to 80 percent of the other district's maximum compressed tax
  rate.
         (c)  Notwithstanding any other provision of this title or
  Chapter 26, Tax Code, for purposes of determining funding for
  school districts for the 2023-2024 school year, a reference in any
  of the following provisions of law to a school district's maximum
  compressed tax rate or maximum compressed rate as determined under
  Section 48.2551 means the maximum compressed tax rate determined
  for the district under this section:
               (1)  Section 13.054(f);
               (2)  Section 45.003(d);
               (3)  Section 45.0032(a);
               (4)  Section 48.051(a);
               (5)  Sections 48.2553(a) and (e); and
               (6)  Section 26.08(n), Tax Code.
         (d)  For purposes of Section 30.003(f-1), a reference in that
  section to Section 48.2551 includes this section.
         (e)  Notwithstanding any other provision of this title, for
  purposes of determining a school district's maximum compressed tax
  rate under Section 48.2551 for the 2024-2025 school year, the value
  of the district's "PYMCR" is the maximum compressed tax rate
  determined for the district under this section for the preceding
  school year.
         (f)  This section expires September 1, 2025.
         Sec. 48.283.  ADDITIONAL STATE AID FOR CERTAIN DISTRICTS
  IMPACTED BY COMPRESSION. A school district that received an
  adjustment under Section 48.257(b) for the 2022-2023 school year is
  entitled to additional state aid for each school year in an amount
  equal to the amount of that adjustment for the 2022-2023 school year
  less the difference, if the difference is greater than zero,
  between:
               (1)  the amount to which the district is entitled under
  this chapter for the current school year; and
               (2)  the amount to which the district would be entitled
  under this chapter for the current school year if the district's
  maximum compressed tax rate had not been reduced under Section
  48.2555, as added by S.B. 4, Acts of the 88th Legislature, Regular
  Session, 2023.
         SECTION 3.  This Act takes effect September 1, 2023.
feedback