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TX HB297
Bill
Status
Engrossed
5/9/2019
Primary Sponsor
Andrew Murr
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AI Summary
- Beginning January 1, 2022, school districts would be prohibited from imposing maintenance and operations (M&O) ad valorem property taxes, with the state instead funding districts as if they had adopted the maximum compressed tax rate with no local share
- School districts would retain authority to impose an optional enrichment tax at a rate not to exceed $0.17 per $100 of taxable property value to provide additional educational opportunities beyond state funding
- A joint interim committee of 15 members would be created, including 4 House members, 4 senators, 3 governor appointees, and 4 non-voting advisory members representing consumer and business interests, to study replacing school M&O property taxes with consumption taxes
- The committee must submit a written report to the legislature by November 1, 2020, proposing a comprehensive plan and draft legislation for using consumption tax revenue to fund public schools, and the committee would be abolished January 1, 2021
- The act takes effect immediately with a two-thirds vote of both chambers, or otherwise on September 1, 2019
Legislative Description
Relating to the public school finance system, the elimination of school district maintenance and operations ad valorem taxes, and the creation of a joint interim committee on the elimination of those taxes.
Taxation
Last Action
Referred to Finance
5/13/2019
Committee Referrals
Finance5/13/2019
Ways & Means2/19/2019
Full Bill Text
No bill text available