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TX HB763
Bill
Status
11/12/2024
Primary Sponsor
Briscoe Cain
Click for details
AI Summary
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Repeals provisions that allowed taxing units (including school districts) in disaster areas to adopt property tax rates exceeding the voter-approval tax rate without holding an election in the year following a disaster declaration
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Removes Section 45.0032(d) of the Education Code and Sections 26.042(d), (e), and (f) of the Tax Code, which previously authorized the disaster-related tax rate exception
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Retains the ability for taxing units in disaster areas to calculate their voter-approval tax rate differently, but eliminates the option to bypass voter approval for rates exceeding that threshold
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Amends conforming language in Education Code Section 48.202(f) regarding school district tax rate reductions when state funding guarantees increase
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Takes effect January 1, 2026, and applies only to ad valorem taxes imposed for tax years beginning on or after that date
Legislative Description
Relating to the repeal of provisions authorizing certain taxing units in the year following the year in which a disaster occurs to adopt an ad valorem tax rate that exceeds the voter-approval tax rate without holding an election to approve the adopted tax rate; making conforming changes.
Taxation
Last Action
Referred to Ways & Means
3/5/2025