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  89R16219 CJC-D     By: Leo Wilson H.B. No. 4194       A BILL TO BE ENTITLED   AN ACT   relating to the calculation of the no-new-revenue tax rate for a   taxing unit.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Chapter 26, Tax Code, is amended by adding   Section 26.0431 to read as follows:           Sec.   26.0431.     NO-NEW-REVENUE TAX RATE ADJUSTMENT FOR   INFLATION. (a) In this section:                 (1)     "Consumer price index" means the average over a   calendar year of the index that the comptroller considers to most   accurately report changes in the purchasing power of the dollar for   consumers in this state.                 (2)     "Inflation rate" means the amount, expressed in   decimal form rounded to the nearest thousandth, computed by   determining the percentage increase or decrease in the consumer   price index for the preceding calendar year as compared to the   consumer price index for the calendar year preceding that calendar   year.           (b)     The comptroller shall determine the inflation rate for   the current year and publish the rate in the Texas Register each   year on July 1 or as soon thereafter as practicable.           (c)     Each year, the officer or employee of a taxing unit   designated by the governing body of the taxing unit to calculate tax   rates for the taxing unit under Section 26.04(c) shall adjust the   taxing unit's no-new-revenue tax rate, calculated as otherwise   provided by that subsection or Section 26.041, as applicable, up or   down as appropriate to reflect the increase or decrease in the   inflation rate.           (d)     Notwithstanding any other law, the no-new-revenue tax   rate as adjusted under Subsection (c) is the taxing unit's   no-new-revenue rate for the applicable tax year.          SECTION 2.  The change in law made by this Act applies to the   calculation of the no-new-revenue tax rate of a taxing unit   beginning with the 2026 tax year.          SECTION 3.  This Act takes effect January 1, 2026.