Texas HB104 modifies the voter approval requirement for ad valorem tax rates exceeding a taxing unit's voter-approval tax rate.

Texas HB104 amends the Texas Tax Code to change the voter approval requirement for ad valorem tax rates that exceed a taxing unit's voter-approval tax rate. If a proposed tax rate exceeds both the no-new-revenue tax rate and the voter-approval tax rate, the taxing unit must hold an election. For the tax rate to be adopted, at least two-thirds of the voters must approve it. The bill also modifies the notice requirements for public hearings on tax increases and defines the "de minimis rate." The changes apply to elections held after the effective date of the Act.

Texas HB104 modifies the voter approval requirement for ad valorem tax rates exceeding a taxing unit's voter-approval tax rate.

Texas HB104 amends the Texas Tax Code to change the voter approval requirement for ad valorem tax rates that exceed a taxing unit's voter-approval tax rate. If a proposed tax rate exceeds both the no-new-revenue tax rate and the voter-approval tax rate, the taxing unit must hold an election. For the tax rate to be adopted, at least two-thirds of the voters must approve it. The bill also modifies the notice requirements for public hearings on tax increases and defines the "de minimis rate." The changes apply to elections held after the effective date of the Act.