HB5447 - Relating to the calculation of certain ad valorem tax rates.

  89R25101 RDS-D     By: Troxclair H.B. No. 5447     Substitute the following for H.B. No. 5447:     By:  Vasut C.S.H.B. No. 5447       A BILL TO BE ENTITLED   AN ACT   relating to the calculation of certain ad valorem tax rates.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 5.07(g), Tax Code, is amended to read as   follows:          (g)  The forms described by Subsection (f) must be in an   electronic format and:                (1)  have blanks that can be filled in electronically;                (2)  be capable of being certified by the designated   officer or employee after completion as accurately calculating the   applicable tax rates and using values that are the same as the   values shown in, as applicable:                      (A)  the taxing unit's certified appraisal roll;   or                      (B)  the certified estimate of taxable value of   property in the taxing unit prepared under Section 26.01(a-1);   [ and ]                (3)  be capable of being electronically incorporated   into the property tax database maintained by each appraisal   district under Section 26.17 and submitted electronically to the   county assessor-collector of each county in which all or part of the   territory of the taxing unit is located ; and                 (4)     be capable of including a hyperlink to a document   that evidences the accuracy of each entry included in the form,   other than an entry making a mathematical calculation .          SECTION 2.  Section 26.03, Tax Code, is amended by adding   Subsection (e) to read as follows:           (e)     For a taxing unit in which a tax rate calculation for a   tax year is affected by the application of this section, the   adjustments to the value of property taxable by the unit and to the   amount of taxes imposed or collected by the unit prescribed by this   section shall be calculated separately for each reinvestment zone   in which the taxing unit participates. The comptroller shall   ensure that the tax rate calculation forms prescribed under Section   5.07 provide for the calculations to be made in the manner required   by this subsection.          SECTION 3.  Section 26.04(d-1), Tax Code, is amended to read   as follows:          (d-1)  The designated officer or employee shall use the tax   rate calculation forms prescribed by the comptroller under Section   5.07 in calculating the no-new-revenue tax rate and the   voter-approval tax rate.   The designated officer or employee must   include a hyperlink described by Section 5.07(g)(4) on the form.          SECTION 4.  This Act applies to the calculation of an ad   valorem tax rate only for a tax year that begins on or after the   effective date of this Act.          SECTION 5.  This Act takes effect January 1, 2026.