Subscribe to receive our Floor Reports covering all the action on the Texas House and Senate floor!
H.B. 486 amends the Tax Code to establish that, for purposes of an election to ratify school taxes, the rollback tax rate of a public school district whose maintenance and operations (M&O) tax rate for the 2005 tax year was $1.50 or less per $100 of taxable value and whose adopted tax rate was ratified at an election in the 2006 tax year or any subsequent tax year is the higher of the amount provided by state law or the sum of the district's current debt rate and the highest M&O tax rate adopted by the district for the 2007 tax year or any subsequent tax year in which the district's adopted tax rate was approved at an election to ratify school taxes.
This bill would also limit the kind of school districts that are studied in a study that looks at districts that adopt an ad valorem tax rate for the tax year in which this act takes effect that is lower than the district ’s ad valorem tax rate for the tax year preceding that tax year. This bill would limit the study to those districts whose tax rate was adopted after 2006.