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TX SB1023

Bill

Status

Passed

5/27/2025

Primary Sponsor

Paul Bettencourt

Click for details

Origin

Senate

89th Legislature Regular Session

AI Summary

  • Requires electronic tax rate calculation forms prescribed by the comptroller to include hyperlinks to documents evidencing the accuracy of each non-mathematical entry on the form

  • Mandates that designated officers or employees calculating no-new-revenue and voter-approval tax rates must include these supporting hyperlinks on the forms

  • Requires taxing units participating in reinvestment zones (tax increment financing districts) to calculate property value and tax adjustments separately for each zone when computing tax rates

  • Directs the comptroller to update tax rate calculation forms to accommodate the separate reinvestment zone calculations

  • Takes effect January 1, 2026, applying 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

Effective on 1/1/26

5/27/2025

Committee Referrals

Ways & Means4/17/2025
Local Government2/24/2025

Full Bill Text

No bill text available