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TX HB8
Bill
Status
2/24/2025
Primary Sponsor
Morgan Meyer
Click for details
AI Summary
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Reduces the maximum compressed tax rate for school districts by $0.0331 per $100 of property valuation for the 2025-2026 school year
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Establishes a floor provision ensuring no school district's maximum compressed tax rate falls below 90% of any other district's maximum compressed rate
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Applies the reduced rate calculation to multiple sections of the Education Code and Tax Code for determining school district funding in 2025-2026
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Sets the reduced 2025-2026 rate as the baseline ("PYMCR") for calculating maximum compressed tax rates in the 2026-2027 school year
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The new provisions expire September 1, 2027, with an effective date of September 1, 2025
Legislative Description
Relating to a reduction in the maximum compressed tax rate of a school district.
Taxation
Last Action
Considered in Calendars
4/9/2025