S.B. No. 1

	AN ACT
	relating to certain restrictions on the imposition of ad valorem
	taxes and to the duty of the state to reimburse certain political
	subdivisions for certain revenue loss; making conforming changes.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Section 11.13, Tax Code, is amended by amending
	Subsection (b) and adding Subsection (n-1) to read as follows:
	(b)  An adult is entitled to exemption from taxation by a
	school district of $25,000 [$15,000] of the appraised value of the
	adult's residence homestead, except that only $5,000 [$10,000] of
	the exemption applies [does not apply] to an entity operating under
	former Chapter 17, 18, 25, 26, 27, or 28, Education Code, as those
	chapters existed on May 1, 1995, as permitted by Section 11.301,
	Education Code.
	(n-1)  The governing body of a school district,
	municipality, or county that adopted an exemption under Subsection
	(n) for the 2014 tax year may not reduce the amount of or repeal the
	exemption. This subsection expires December 31, 2019.
	SECTION 2.  Section 11.26(a), Tax Code, is amended to read as
	follows:
	(a)  The tax officials shall appraise the property to which
	this section applies and calculate taxes as on other property, but
	if the tax so calculated exceeds the limitation imposed by this
	section, the tax imposed is the amount of the tax as limited by this
	section, except as otherwise provided by this section. A school
	district may not increase the total annual amount of ad valorem tax
	it imposes on the residence homestead of an individual 65 years of
	age or older or on the residence homestead of an individual who is
	disabled, as defined by Section 11.13, above the amount of the tax
	it imposed in the first tax year in which the individual qualified
	that residence homestead for the applicable exemption provided by
	Section 11.13(c) for an individual who is 65 years of age or older
	or is disabled. If the individual qualified that residence
	homestead for the exemption after the beginning of that first year
	and the residence homestead remains eligible for the same exemption
	for the next year, and if the school district taxes imposed on the
	residence homestead in the next year are less than the amount of
	taxes imposed in that first year, a school district may not
	subsequently increase the total annual amount of ad valorem taxes
	it imposes on the residence homestead above the amount it imposed in
	the year immediately following the first year for which the
	individual qualified that residence homestead for the same
	exemption, except as provided by Subsection (b). If the first tax
	year the individual qualified the residence homestead for the
	exemption provided by Section 11.13(c) for individuals 65 years of
	age or older or disabled was a tax year before the 2015 [1997] tax
	year, the amount of the limitation provided by this section is the
	amount of tax the school district imposed for the 2014 [1996] tax
	year less an amount equal to the amount determined by multiplying
	$10,000 times the tax rate of the school district for the 2015
	[1997] tax year, plus any 2015 [1997] tax attributable to
	improvements made in 2014 [1996], other than improvements made to
	comply with governmental regulations or repairs.
	SECTION 3.  Section 25.23, Tax Code, is amended by adding
	Subsection (a-1) to read as follows:
	(a-1)  This subsection applies only to the appraisal records
	for the 2015 tax year. If the appraisal records submitted to the
	appraisal review board include the taxable value of residence
	homesteads or show the amount of the exemption under Section
	11.13(b) applicable to residence homesteads, the chief appraiser
	shall prepare supplemental appraisal records that reflect an
	exemption amount under that subsection of $25,000. This subsection
	expires December 31, 2016.
	SECTION 4.  Section 26.04, Tax Code, is amended by adding
	Subsections (a-1) and (c-1) to read as follows:
	(a-1)  On receipt of the appraisal roll for the 2015 tax
	year, the assessor for a school district shall determine the total
	taxable value of property taxable by the school district and the
	taxable value of new property based on a residence homestead
	exemption under Section 11.13(b) of $25,000. This subsection
	expires December 31, 2016.
	(c-1)  An officer or employee designated by the governing
	body of a school district shall calculate the effective tax rate and
	the rollback tax rate of the school district for the 2015 tax year
	based on a residence homestead exemption under Section 11.13(b) of
	$25,000. This subsection expires December 31, 2016.
	SECTION 5.  Section 26.08, Tax Code, is amended by adding
	Subsection (q) to read as follows:
	(q)  For purposes of this section, the effective maintenance
	and operations tax rate and the rollback tax rate of a school
	district for the 2015 tax year shall be calculated based on a
	residence homestead exemption under Section 11.13(b) of $25,000.
	This subsection expires December 31, 2016.
	SECTION 6.  Section 26.09, Tax Code, is amended by adding
	Subsection (c-1) to read as follows:
	(c-1)  The assessor for a school district shall calculate the
	amount of tax imposed by the school district on a residence
	homestead for the 2015 tax year based on an exemption under Section
	11.13(b) of $15,000 and separately based on an exemption under that
	subsection of $25,000. This subsection expires December 31, 2016.
	SECTION 7.  Section 26.15, Tax Code, is amended by adding
	Subsection (h) to read as follows:
	(h)  The assessor for a school district shall correct the tax
	roll for the school district for the 2015 tax year to reflect the
	results of the election to approve the constitutional amendment
	proposed by S.J.R. 1, 84th Legislature, Regular Session, 2015.
	This subsection expires December 31, 2016.
	SECTION 8.  Section 31.01, Tax Code, is amended by adding
	Subsections (d-2), (d-3), (d-4), and (d-5) to read as follows:
	(d-2)  This subsection and Subsections (d-3) and (d-4) apply
	only to taxes imposed by a school district on a residence homestead
	for the 2015 tax year. The assessor for the school district shall
	compute the amount of taxes imposed and the other information
	required by this section based on a residence homestead exemption
	under Section 11.13(b) of $25,000. The tax bill or the separate
	statement must indicate that the bill is a provisional tax bill and
	include a statement in substantially the following form:
	"If the amount of the exemption from ad valorem taxation by a
	school district of a residence homestead had not been increased by
	the Texas Legislature, your tax bill would have been $____ (insert
	amount equal to the sum of the amount calculated under Section
	26.09(c-1) based on an exemption under Section 11.13(b) of $15,000
	and the total amount of taxes imposed by the other taxing units
	whose taxes are included in the bill). Because of action by the
	Texas Legislature increasing the amount of the residence homestead
	exemption, your tax bill has been lowered by $____ (insert
	difference between amount calculated under Section 26.09(c-1)
	based on an exemption under Section 11.13(b) of $15,000 and amount
	calculated under Section 26.09(c-1) based on an exemption under
	Section 11.13(b) of $25,000), resulting in a lower tax bill of $____
	(insert amount equal to the sum of the amount calculated under
	Section 26.09(c-1) based on an exemption under Section 11.13(b) of
	$25,000 and the total amount of taxes imposed by the other taxing
	units whose taxes are included in the bill), contingent on the
	approval by the voters at an election to be held November 3, 2015,
	of a constitutional amendment authorizing the residence homestead
	exemption increase. If the constitutional amendment is not
	approved by the voters at the election, a supplemental school
	district tax bill in the amount of $____ (insert difference between
	amount calculated under Section 26.09(c-1) based on an exemption
	under Section 11.13(b) of $15,000 and amount calculated under
	Section 26.09(c-1) based on an exemption under Section 11.13(b) of
	$25,000) will be mailed to you."
	(d-3)  A tax bill prepared by the assessor for a school
	district as provided by Subsection (d-2) and mailed to a person in
	whose name property subject to an exemption under Section 11.13(b)
	is listed on the tax roll and to the person's authorized agent as
	provided by Subsection (a) of this section is considered to be a
	provisional tax bill until the canvass of the votes on the
	constitutional amendment proposed by S.J.R. 1, 84th Legislature,
	Regular Session, 2015. If the constitutional amendment is approved
	by the voters, the tax bill is considered to be a final tax bill for
	the taxes imposed on the property for the 2015 tax year, and no
	additional tax bill is required to be mailed to the person and to
	the person's authorized agent, unless another provision of this
	title requires the mailing of a corrected tax bill. If the
	constitutional amendment is not approved by the voters:
	(1)  a tax bill prepared by the assessor for a school
	district as provided by Subsection (d-2) and mailed to a person in
	whose name property subject to an exemption under Section 11.13(b)
	is listed on the tax roll and to the person's authorized agent as
	provided by Subsection (a) of this section is considered to be a
	final tax bill but only as to the portion of the taxes imposed on the
	property for the 2015 tax year that are included in the bill;
	(2)  the amount of taxes imposed by each school
	district on a residence homestead for the 2015 tax year is
	calculated based on an exemption under Section 11.13(b) of $15,000;
	and
	(3)  except as provided by Subsections (f), (i-1), and
	(k), the assessor for each school district shall prepare and mail a
	supplemental tax bill, by December 1 or as soon thereafter as
	practicable, to each person in whose name property subject to an
	exemption under Section 11.13(b) is listed on the tax roll and to
	the person's authorized agent in an amount equal to the difference
	between the amount calculated under Section 26.09(c-1) based on an
	exemption under Section 11.13(b) of $15,000 and the amount
	calculated under Section 26.09(c-1) based on an exemption under
	Section 11.13(b) of $25,000.
	(d-4)  Except as otherwise provided by Subsection (d-3), the
	provisions of this section other than Subsection (d-2) apply to a
	supplemental tax bill mailed under Subsection (d-3).
	(d-5)  This subsection and Subsections (d-2), (d-3), and
	(d-4) expire December 31, 2016.
	SECTION 9.  Section 31.02, Tax Code, is amended by adding
	Subsection (a-1) to read as follows:
	(a-1)  Except as provided by Subsection (b) of this section
	and Sections 31.03 and 31.04, taxes for which a supplemental tax
	bill is mailed under Section 31.01(d-3) are due on receipt of the
	tax bill and are delinquent if not paid before March 1 of the year
	following the year in which imposed. This subsection expires
	December 31, 2016.
	SECTION 10.  Subchapter A, Chapter 41, Education Code, is
	amended by adding Section 41.0011 to read as follows:
	Sec. 41.0011.  COMPUTATION OF WEALTH PER STUDENT FOR
	2015-2016 SCHOOL YEAR. Notwithstanding any other provision of this
	chapter, in computing a school district's wealth per student for
	the 2015-2016 school year, a school district's taxable value of
	property under Subchapter M, Chapter 403, Government Code, is
	determined as if the increase in the residence homestead exemption
	under Section 1-b(c), Article VIII, Texas Constitution, and the
	additional limitation on tax increases under Section 1-b(d) of that
	article in effect for the 2015 tax year as proposed by S.J.R. 1,
	84th Legislature, Regular Session, 2015, had been in effect for the
	2014 tax year. This section expires September 1, 2016.
	SECTION 11.  Section 41.004, Education Code, is amended by
	adding Subsections (a-1), (b-1), and (c-1) to read as follows:
	(a-1)  This subsection applies only if the constitutional
	amendment proposed by S.J.R. 1, 84th Legislature, Regular Session,
	2015, is approved by the voters in an election held for that
	purpose.  As soon as practicable after receiving revised property
	values that reflect adoption of the constitutional amendment, the
	commissioner shall review the wealth per student of districts in
	the state and revise as necessary the notifications provided under
	Subsection (a) for the 2015-2016 school year.  This subsection
	expires September 1, 2016.
	(b-1)  This subsection applies only to a district that has
	not previously held an election under this chapter and is not
	eligible to reduce the district's wealth per student in the manner
	authorized by Section 41.0041.  Notwithstanding Subsection (b), a
	district that enters into an agreement to exercise an option to
	reduce the district's wealth per student under Section 41.003(3),
	(4), or (5) for the 2015-2016 school year may request and, as
	provided by Section 41.0042(a), receive approval from the
	commissioner to delay the date of the election otherwise required
	to be ordered before September 1. This subsection expires
	September 1, 2016.
	(c-1)  Notwithstanding Subsection (c), a district that
	receives approval from the commissioner to delay an election as
	provided by Subsection (b-1) may adopt a tax rate for the 2015 tax
	year before the commissioner certifies that the district has
	achieved the equalized wealth level.  This subsection expires
	September 1, 2016.
	SECTION 12.  Subchapter A, Chapter 41, Education Code, is
	amended by adding Section 41.0042 to read as follows:
	Sec. 41.0042.  TRANSITIONAL PROVISIONS:  INCREASED
	HOMESTEAD EXEMPTION AND LIMITATION ON TAX INCREASES.  (a)  The
	commissioner shall approve a district's request under Section
	41.004(b-1) to delay the date of an election required under this
	chapter if the commissioner determines that the district would not
	have a wealth per student that exceeds the equalized wealth level if
	the constitutional amendment proposed by S.J.R. 1, 84th
	Legislature, Regular Session, 2015, were approved by the voters.
	(b)  The commissioner shall set a date by which each district
	that receives approval under this section must order the election.
	(c)  Not later than the 2016-2017 school year, the
	commissioner shall order detachment and annexation of property
	under Subchapter G or consolidation under Subchapter H as necessary
	to achieve the equalized wealth level for a district that receives
	approval under this section and subsequently:
	(1)  fails to hold the election; or
	(2)  does not receive voter approval at the election.
	(d)  This section expires September 1, 2017.
	SECTION 13.  Subchapter A, Chapter 41, Education Code, is
	amended by adding Section 41.0121 to read as follows:
	Sec. 41.0121.  TRANSITIONAL ELECTION DATES. (a)  This
	section applies only to an election under this chapter that occurs
	during the 2015-2016 school year.
	(b)  Section 41.012 does not apply to a district that
	receives approval of a request under Section 41.0042. The district
	shall hold the election on a Tuesday or Saturday on or before a date
	specified by the commissioner. Section 41.001, Election Code, does
	not apply to the election.
	(c)  This section expires September 1, 2016.
	SECTION 14.  Section 41.094, Education Code, is amended by
	adding Subsection (a-1) to read as follows:
	(a-1)  Notwithstanding Subsection (a), a district that
	receives approval of a request under Section 41.0042 shall pay for
	credits purchased in equal monthly payments as determined by the
	commissioner beginning March 15, 2016, and ending August 15, 2016.
	This subsection expires September 1, 2016.
	SECTION 15.  Subchapter D, Chapter 41, Education Code, is
	amended by adding Section 41.0981 to read as follows:
	Sec. 41.0981.  TRANSITIONAL EARLY AGREEMENT CREDIT.
	Notwithstanding Section 41.098, a district that receives approval
	of a request under Section 41.0042 may receive the early agreement
	credit described by Section 41.098 for the 2015-2016 school year if
	the district orders the election and obtains voter approval not
	later than the date specified by the commissioner. This section
	expires September 1, 2016.
	SECTION 16.  Section 41.208, Education Code, is amended by
	adding Subsection (a-1) to read as follows:
	(a-1)  Notwithstanding Subsection (a), for the 2015-2016
	school year, the commissioner shall order any detachments and
	annexations of property under this subchapter as soon as
	practicable after the canvass of the votes on the constitutional
	amendment proposed by S.J.R. 1, 84th Legislature, Regular Session,
	2015. This subsection expires September 1, 2016.
	SECTION 17.  Subchapter E, Chapter 42, Education Code, is
	amended by adding Section 42.2518 to read as follows:
	Sec. 42.2518.  ADDITIONAL STATE AID FOR HOMESTEAD EXEMPTION
	AND LIMITATION ON TAX INCREASES. (a)  For the 2015-2016 and
	2016-2017 school years, a school district is entitled to additional
	state aid to the extent that state and local revenue under this
	chapter and Chapter 41 is less than the state and local revenue that
	would have been available to the district under Chapter 41 and this
	chapter as those chapters existed on September 1, 2015, if the
	increase in the residence homestead exemption under Section 1-b(c),
	Article VIII, Texas Constitution, and the additional limitation on
	tax increases under Section 1-b(d) of that article as proposed by
	S.J.R. 1, 84th Legislature, Regular Session, 2015, had not
	occurred.
	(b)  The lesser of the school district's currently adopted
	maintenance and operations tax rate or the adopted maintenance and
	operations tax rate for the 2014 tax year is used for the purpose of
	determining additional state aid under this section.
	(c)  Revenue from a school district maintenance and
	operations tax that is levied to pay costs of a lease-purchase
	agreement as described by Section 46.004 and that is included in
	determining state assistance under Subchapter A, Chapter 46, is
	included for the purpose of calculating state aid under this
	section.
	(d)  The commissioner, using information provided by the
	comptroller and other information as necessary, shall compute the
	amount of additional state aid to which a district is entitled under
	this section. A determination by the commissioner under this
	section is final and may not be appealed.
	(e)  This section expires August 31, 2017.
	SECTION 18.  Effective September 1, 2017, Subchapter E,
	Chapter 42, Education Code, is amended by adding Section 42.2518 to
	read as follows:
	Sec. 42.2518.  ADDITIONAL STATE AID FOR HOMESTEAD EXEMPTION
	AND LIMITATION ON TAX INCREASES. (a)  Beginning with the 2017-2018
	school year, a school district is entitled to additional state aid
	to the extent that state and local revenue under this chapter and
	Chapter 41 is less than the state and local revenue that would have
	been available to the district under Chapter 41 and this chapter as
	those chapters existed on September 1, 2015, excluding any state
	aid that would have been provided under former Section 42.2516, if
	the increase in the residence homestead exemption under Section
	1-b(c), Article VIII, Texas Constitution, and the additional
	limitation on tax increases under Section 1-b(d) of that article as
	proposed by S.J.R. 1, 84th Legislature, Regular Session, 2015, had
	not occurred.
	(b)  The lesser of the school district's currently adopted
	maintenance and operations tax rate or the adopted maintenance and
	operations tax rate for the 2014 tax year is used for the purpose of
	determining additional state aid under this section.
	(c)  Revenue from a school district maintenance and
	operations tax that is levied to pay costs of a lease-purchase
	agreement as described by Section 46.004 and that is included in
	determining state assistance under Subchapter A, Chapter 46, is
	included for the purpose of calculating state aid under this
	section.
	(d)  The commissioner, using information provided by the
	comptroller and other information as necessary, shall compute the
	amount of additional state aid to which a district is entitled under
	this section. A determination by the commissioner under this
	section is final and may not be appealed.
	SECTION 19.  Section 42.252, Education Code, is amended by
	adding Subsection (e) to read as follows:
	(e)  Notwithstanding any other provision of this chapter, in
	computing each school district's local share of program cost under
	this section for the 2015-2016 school year, a school district's
	taxable value of property under Subchapter M, Chapter 403,
	Government Code, is determined as if the increase in the residence
	homestead exemption under Section 1-b(c), Article VIII, Texas
	Constitution, and the additional limitation on tax increases under
	Section 1-b(d) of that article in effect for the 2015 tax year as
	proposed by S.J.R. 1, 84th Legislature, Regular Session, 2015, had
	been in effect for the 2014 tax year. This subsection expires
	September 1, 2016.
	SECTION 20.  Section 42.302, Education Code, is amended by
	adding Subsection (g) to read as follows:
	(g)  Notwithstanding any other provision of this chapter, in
	computing a school district's enrichment tax rate ("DTR") and local
	revenue ("LR") for the 2015-2016 school year, a school district's
	taxable value of property under Subchapter M, Chapter 403,
	Government Code, is determined as if the increase in the residence
	homestead exemption under Section 1-b(c), Article VIII, Texas
	Constitution, and the additional limitation on tax increases under
	Section 1-b(d) of that article in effect for the 2015 tax year as
	proposed by S.J.R. 1, 84th Legislature, Regular Session, 2015, had
	been in effect for the 2014 tax year. This subsection expires
	September 1, 2016.
	SECTION 21.  Section 46.003, Education Code, is amended by
	adding Subsection (i) to read as follows:
	(i)  Notwithstanding any other provision of this chapter, in
	computing a district's bond tax rate ("BTR") and taxable value of
	property ("DPV") for the 2015-2016 school year, a school district's
	taxable value of property under Subchapter M, Chapter 403,
	Government Code, is determined as if the increase in the residence
	homestead exemption under Section 1-b(c), Article VIII, Texas
	Constitution, and the additional limitation on tax increases under
	Section 1-b(d) of that article in effect for the 2015 tax year as
	proposed by S.J.R. 1, 84th Legislature, Regular Session, 2015, had
	been in effect for the 2014 tax year. This subsection expires
	September 1, 2016.
	SECTION 22.  Section 46.032, Education Code, is amended by
	adding Subsection (d) to read as follows:
	(d)  Notwithstanding any other provision of this chapter, in
	computing a district's existing debt tax rate ("EDTR") and taxable
	value of property ("DPV") for the 2015-2016 school year, a school
	district's taxable value of property under Subchapter M, Chapter
	403, Government Code, is determined as if the increase in the
	residence homestead exemption under Section 1-b(c), Article VIII,
	Texas Constitution, and the additional limitation on tax increases
	under Section 1-b(d) of that article in effect for the 2015 tax year
	as proposed by S.J.R. 1, 84th Legislature, Regular Session, 2015,
	had been in effect for the 2014 tax year. This subsection expires
	September 1, 2016.
	SECTION 23.  Chapter 46, Education Code, is amended by
	adding Subchapter D to read as follows:
	SUBCHAPTER D. STATE AID FOR HOMESTEAD EXEMPTION AND LIMITATION ON
	TAX INCREASES
	Sec. 46.071.  ADDITIONAL STATE AID FOR HOMESTEAD EXEMPTION
	AND LIMITATION ON TAX INCREASES. (a)  Beginning with the 2015-2016
	school year, a school district is entitled to additional state aid
	under this subchapter to the extent that state and local revenue
	used to service debt eligible under this chapter is less than the
	state and local revenue that would have been available to the
	district under this chapter as it existed on September 1, 2015, if
	the increase in the residence homestead exemption under Section
	1-b(c), Article VIII, Texas Constitution, and the additional
	limitation on tax increases under Section 1-b(d) of that article as
	proposed by S.J.R. 1, 84th Legislature, Regular Session, 2015, had
	not occurred.
	(b)  Subject to Subsections (c)-(e), additional state aid
	under this section is equal to the amount by which the loss of local
	interest and sinking revenue for debt service attributable to the
	increase in the residence homestead exemption under Section 1-b(c),
	Article VIII, Texas Constitution, and the additional limitation on
	tax increases under Section 1-b(d) of that article as proposed by
	S.J.R. 1, 84th Legislature, Regular Session, 2015, is not offset by
	a gain in state aid under this chapter.
	(c)  For the purpose of determining state aid under this
	section, local interest and sinking revenue for debt service is
	limited to revenue required to service debt eligible under this
	chapter as of September 1, 2015, including refunding of that debt,
	subject to Section 46.061.  The limitation imposed by Section
	46.034(a) does not apply for the purpose of determining state aid
	under this section.
	(d)  If the amount required to pay debt service eligible
	under this section is less than the sum of state and local
	assistance provided under this chapter, including the amount of
	additional aid provided under this section, the district may not
	receive aid under this section in excess of the amount that, when
	added to the district's local interest and sinking revenue for debt
	service for the school year, as defined by this section, and state
	aid under Subchapters A and B, equals the amount required to pay the
	eligible debt service.
	(e)  The commissioner, using information provided by the
	comptroller and other information as necessary, shall compute the
	amount of additional state aid to which a district is entitled under
	this section. A determination by the commissioner under this
	section is final and may not be appealed.
	SECTION 24.  (a)  Section 403.302(j), Government Code, is
	amended to read as follows:
	(j)  The [For purposes of Chapter 42, Education Code, the]
	comptroller shall certify the final taxable value for each school
	district, appropriately adjusted to give effect to certain
	provisions of the Education Code related to school funding, to the
	commissioner of education as provided by the terms of a memorandum
	of understanding entered into between the comptroller, the
	Legislative Budget Board, and the commissioner of education[:
	[(1)     a final value for each school district computed
	on a residence homestead exemption under Section 1-b(c), Article
	VIII, Texas Constitution, of $5,000;
	[(2)     a final value for each school district computed
	on:
	[(A)     a residence homestead exemption under
	Section 1-b(c), Article VIII, Texas Constitution, of $15,000; and
	[(B)     the effect of the additional limitation on
	tax increases under Section 1-b(d), Article VIII, Texas
	Constitution, as proposed by H.J.R. No.   4, 75th Legislature,
	Regular Session, 1997; and
	[(3)     a final value for each school district computed
	on the effect of the reduction of the limitation on tax increases to
	reflect any reduction in the school district tax rate as provided by
	Section 11.26(a-1), (a-2), or (a-3), Tax Code, as applicable].
	(b)  Section 403.302(k), Government Code, is repealed.
	SECTION 25.  (a)  An assessor or collector for a school
	district is not liable for civil damages or subject to criminal
	prosecution for compliance in good faith with Section 31.01, Tax
	Code, as amended by this Act.
	(b)  This section takes effect immediately if this Act
	receives a vote of two-thirds of all the members of each house, as
	provided by Section 39, Article III, Texas Constitution. If this
	Act does not receive the vote necessary for this section to take
	immediate effect, this section takes effect on the 91st day after
	the last day of the legislative session.
	(c)  This section expires December 31, 2018.
	SECTION 26.  This Act applies beginning with the 2015 tax
	year.
	SECTION 27.  (a) Except as provided by Subsection (b) of
	this section or as otherwise provided by this Act:
	(1)  this Act takes effect on the date on which the
	constitutional amendment proposed by S.J.R. 1, 84th Legislature,
	Regular Session, 2015, takes effect; and
	(2)  if that amendment is not approved by the voters,
	this Act has no effect.
	(b)  Sections 25.23(a-1), 26.04(a-1) and (c-1), 26.08(q),
	26.09(c-1), 26.15(h), 31.01(d-2), (d-3), (d-4), and (d-5), and
	31.02(a-1), Tax Code, and Sections 41.004(a-1), (b-1), and (c-1),
	41.0042, 41.0121, 41.094(a-1), 41.0981, and 41.208(a-1), Education
	Code, as added by this Act, take effect immediately if this Act
	receives a vote of two-thirds of all the members elected to each
	house, as provided by Section 39, Article III, Texas Constitution.
	If this Act does not receive the vote necessary for those sections
	to have immediate effect, those sections take effect on the 91st day
	after the last day of the legislative session.
	______________________________	______________________________
	President of the Senate	Speaker of the House
	I hereby certify that S.B. No. 1 passed the Senate on
	March 25, 2015, by the following vote:  Yeas 26, Nays 5; May 25,
	2015, Senate refused to concur in House amendments and requested
	appointment of Conference Committee; May 27, 2015, House granted
	request of the Senate; May 29, 2015, Senate adopted Conference
	Committee Report by the following vote:  Yeas 26, Nays 5.
	______________________________
	Secretary of the Senate
	I hereby certify that S.B. No. 1 passed the House, with
	amendments, on May 25, 2015, by the following vote:  Yeas 141,
	Nays 0, one present not voting; May 27, 2015, House granted request
	of the Senate for appointment of Conference Committee; May 29,
	2015, House adopted Conference Committee Report by the following
	vote:  Yeas 138, Nays 0, one present not voting.
	______________________________
	Chief Clerk of the House
	Approved:
	______________________________
	Date
	______________________________
	Governor