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TX SB1023
Bill
Status
5/27/2025
Primary Sponsor
Paul Bettencourt
Click for details
AI Summary
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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
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Mandates that designated officers or employees calculating no-new-revenue and voter-approval tax rates must include these supporting hyperlinks on the forms
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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
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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, 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