Texas HB1030 aims to reduce school district maintenance and operations ad valorem taxes using surplus state revenue.
Texas HB1030 modifies the Education Code to reduce school district maintenance and operations ad valorem taxes through the use of surplus state revenue. It sets the state compression percentage, which determines the maximum allowable tax rate, at the lower of 93 percent or a lower percentage set by appropriation for a school year. If the state compression percentage is zero, school districts cannot impose a tier one maintenance and operations tax.
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