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TX HB5447
Bill
Status
3/14/2025
Primary Sponsor
Ellen Troxclair
Click for details
AI Summary
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Requires tax rate calculation forms to be capable of including hyperlinks to documents that evidence the accuracy of each entry, excluding mathematical calculations
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Mandates that designated officers or employees include these evidentiary hyperlinks when calculating no-new-revenue tax rates and voter-approval tax rates
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Requires adjustments to property values and tax amounts for taxing units participating in reinvestment zones to be calculated separately for each reinvestment zone
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Directs the comptroller to update tax rate calculation forms to accommodate the separate reinvestment zone calculations
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Takes effect January 1, 2026, and applies to tax rate calculations for tax years beginning on or after that date
Legislative Description
Relating to the calculation of certain ad valorem tax rates.
Taxation
Last Action
Laid on the table subject to call
5/9/2025