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  H.B. No. 2429
 
 
 
 
AN ACT
  relating to the alternate provisions for ad valorem tax rate
  notices when the de minimis rate of a taxing unit exceeds the
  voter-approval tax rate.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 26.063, Tax Code, is amended by adding
  Subsection (d) to read as follows:
         (d)  This subsection applies only to a taxing unit that is
  not required to hold an election under Section 26.07 and for which
  the qualified voters of the taxing unit may not petition to hold an
  election under Section 26.075. In the notice required to be
  provided by the taxing unit under Section 26.06(b-1) or (b-3), as
  applicable, the taxing unit shall:
               (1)  add the following to the end of the list of rates
  included in the notice:
         "DE MINIMIS RATE              $_______________ per $100";
               (2)  substitute the following for the definition of
  "voter-approval tax rate": "The voter-approval tax rate is the
  highest tax rate that (name of taxing unit) may adopt without
  holding an election to seek voter approval of the rate, unless the
  de minimis rate for (name of taxing unit) exceeds the
  voter-approval tax rate for (name of taxing unit).";
               (3)  add the following definition of "de minimis rate":
  "The de minimis rate is the rate equal to the sum of the
  no-new-revenue maintenance and operations rate for (name of taxing
  unit), the rate that will raise $500,000, and the current debt rate
  for (name of taxing unit)."; and
               (4)  substitute the following for the provision that
  provides notice that an election is required: "The proposed tax
  rate is greater than the voter-approval tax rate but not greater
  than the de minimis rate and does not exceed the rate that allows
  voters to petition for an election under Section 26.075, Tax Code.
  If (name of taxing unit) adopts the proposed tax rate, (name of
  taxing unit) is not required to hold an election so that the voters
  may accept or reject the proposed tax rate and the qualified voters
  of the (name of taxing unit) may not petition the (name of taxing
  unit) to require an election to be held to determine whether to
  reduce the proposed tax rate.".
         SECTION 2.  The change in law made by this Act applies only
  to a tax rate notice that is provided by a taxing unit on or after
  the effective date of this Act. A tax rate notice that is provided
  by a taxing unit before the effective date of this Act is governed
  by the law in effect on the date the notice is provided, and the
  former law is continued in effect for that purpose.
         SECTION 3.  This Act takes effect immediately if it 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 immediate effect, this
  Act takes effect September 1, 2021.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 2429 was passed by the House on April
  9, 2021, by the following vote:  Yeas 145, Nays 0, 1 present, not
  voting.
 
  ______________________________
  Chief Clerk of the House   
 
 
         I certify that H.B. No. 2429 was passed by the Senate on April
  29, 2021, by the following vote:  Yeas 31, Nays 0.
 
  ______________________________
  Secretary of the Senate    
  APPROVED:  _____________________
                     Date          
   
            _____________________
                   Governor