TX SB1453

Redefines "current debt service" for taxing units to mean the minimum dollar amount required to be expended for debt service, rather than allowing discretionary additional amounts

Requires school district tax notices to calculate the Interest & Sinking Fund rate based on the minimum dollar amount required to be paid to service district debt obligations

Allows a taxing unit's governing body to approve a debt rate exceeding the calculated minimum only if approved by at least 60% of members through a motion that states both rates, the difference, and describes the purpose for excess revenue

If a governing body approves a higher debt rate under the supermajority provision, that rate becomes the unit's "current debt rate" and the voter-approval tax rate must be recalculated accordingly

Takes effect January 1, 2026 and applies only to ad valorem taxes imposed for tax years beginning on or after that date