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AN ACT
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relating to the contents of the notice of the meeting at which the |
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governing body of a taxing unit will vote on a proposed ad valorem |
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tax rate that will result in a tax revenue increase. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 26.06(d), Tax Code, is amended to read as |
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follows: |
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(d) At the public hearings the governing body shall announce |
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the date, time, and place of the meeting at which it will vote on the |
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proposed tax rate. After each hearing the governing body shall give |
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notice of the meeting at which it will vote on the proposed tax rate |
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and the notice shall be in the same form as prescribed by |
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Subsections (b) and (c), except that it must state the following: |
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"NOTICE OF [VOTE ON] TAX REVENUE INCREASE [RATE] |
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"The (name of the taxing unit) conducted public hearings on |
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(date of first hearing) and (date of second hearing) on a proposal |
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to increase the total tax revenues of the (name of the taxing unit) |
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from properties on the tax roll in the preceding year by (percentage |
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by which proposed tax rate exceeds lower of rollback tax rate or |
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effective tax rate calculated under this chapter) percent [on
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(dates and times public hearings were conducted)]. |
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"The total tax revenue raised last year at last year's tax |
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rate of (insert tax rate for the preceding year) for each $100 of |
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taxable value was (insert total amount of taxes imposed in the |
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preceding year). |
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"The total tax revenue proposed to be raised this year at the |
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proposed tax rate of (insert proposed tax rate) for each $100 of |
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taxable value, excluding tax revenue to be raised from new property |
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added to the tax roll this year, is (insert amount computed by |
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multiplying proposed tax rate by the difference between current |
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total value and new property value). |
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"The total tax revenue proposed to be raised this year at the |
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proposed tax rate of (insert proposed tax rate) for each $100 of |
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taxable value, including tax revenue to be raised from new property |
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added to the tax roll this year, is (insert amount computed by |
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multiplying proposed tax rate by current total value). |
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"The (governing body of the taxing unit) is scheduled to vote |
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on the tax rate that will result in that tax increase at a public |
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meeting to be held on (date of meeting) at (location of meeting, |
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including mailing address) at (time of meeting [and time) at
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(meeting place])." |
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SECTION 2. This Act applies only to an ad valorem tax rate |
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adopted for a tax year beginning on or after the effective date of |
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this Act. |
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SECTION 3. This Act takes effect January 1, 2008. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 3495 was passed by the House on April |
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27, 2007, by the following vote: Yeas 132, Nays 1, 2 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 3495 was passed by the Senate on May |
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22, 2007, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |