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TX HB2108
Bill
Status
1/27/2025
Primary Sponsor
William Metcalf
Click for details
AI Summary
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Increases the maximum enrichment tax rate component from eight cents to nine cents over the maximum maintenance and operations tax rate for school districts
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Expands the guaranteed yield calculation under the Foundation School Program to apply to the first nine cents (previously eight cents) by which a district's maintenance and operations tax rate exceeds its tier one tax rate
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Maintains the existing two-tier guaranteed yield structure, with the higher guaranteed level applying to the expanded first tier and a lower multiplier (0.008 vs 0.016) applying to tax effort beyond that amount
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Takes effect September 1, 2025
Legislative Description
Relating to the components of a school district's enrichment tax rate and the calculation of the guaranteed yield under the Foundation School Program.
Taxation
Last Action
Referred to Public Education
3/14/2025