85(R) - 2017
Relating to the information required to be included in or with a school district ad valorem tax bill.
No fiscal implication to the State is anticipated.
SB 1407 would require certain school districts subject to recapture to include in their property tax bills:
- the percentage of maintenance and operations taxes that is required to go to the state for the purchase of average daily attendance credits; and
- the percentage of these taxes that is not required to go to the state for that purpose.
Property tax bills or separate statements for all other school districts would be required to include:
- the percentage of M&O revenue for the preceding and current year that was derived from the imposed M&O taxes by the school district for each of those years; and
- the percentage of M&O revenue for the preceding and current year that was derived from the state funds distributed to the school district for the preceding and current year.
Vote Recommendation Notes
authority to make changes to improve notification and transparency for local
school district tax bills is clearly within the legitimate responsibility of
the government. In order for a free society that cherishes the
ideas of liberty and self-government to flourish, the government must remain
transparent. SB 1407 would affirm our limited government and
individual liberty principles. For these reasons, we support this legislation.
Texas Association of Realtors