TX SB1449

Allows taxing units (except school districts and special taxing units) located in governor- or president-declared disaster areas to calculate voter-approval tax rates using an alternative method if at least one person receives a disaster-related property tax exemption under Section 11.35

Creates a new "disaster debris rate" that taxing units can add to their voter-approval tax rate calculation, based on the unit's share of federally estimated debris removal costs under 42 U.S.C. Section 5173

For areas with presidential disaster declarations and federal debris cost estimates, the voter-approval tax rate is the lesser of: the special taxing unit calculation method, or a formula incorporating the no-new-revenue rate multiplied by 1.035 plus debt rate, unused increment rate, and disaster debris rate

Limits the alternative tax rate calculation to the earlier of: the first year total taxable value exceeds pre-disaster levels, or three years after the disaster occurred

Repeals Section 26.042(d) of the Tax Code and takes effect January 1, 2026, applying only to ad valorem tax years beginning on or after that date