Texas HB211 amends the calculation of voter-approval tax rates and the approval process for proposed tax rates exceeding this limit.

Texas HB211 modifies the calculation of the voter-approval tax rate for certain taxing units and establishes procedures for approving proposed tax rates that exceed this limit. The bill specifies formulas for calculating the voter-approval tax rate and the no-new-revenue tax rate, which is the rate that raises the same amount of revenue as the previous year. If a proposed tax rate exceeds the voter-approval tax rate but not the no-new-revenue tax rate, an election must be held for voter approval. If at least 60 percent of voters approve the proposed rate, it becomes the tax rate for the year.

Texas HB211 amends the calculation of voter-approval tax rates and the approval process for proposed tax rates exceeding this limit.

Texas HB211 modifies the calculation of the voter-approval tax rate for certain taxing units and establishes procedures for approving proposed tax rates that exceed this limit. The bill specifies formulas for calculating the voter-approval tax rate and the no-new-revenue tax rate, which is the rate that raises the same amount of revenue as the previous year. If a proposed tax rate exceeds the voter-approval tax rate but not the no-new-revenue tax rate, an election must be held for voter approval. If at least 60 percent of voters approve the proposed rate, it becomes the tax rate for the year.