Texas HB3601 amends tax rate calculation formulas and procedures for approving tax rates exceeding voter-approval levels.

Texas HB3601 modifies the formulas for calculating the no-new-revenue tax rate and the voter-approval tax rate for taxing units. It specifies that certain tax code sections do not apply to certain taxes. The bill also outlines procedures for approving tax rates that exceed the voter-approval tax rate, including holding public hearings and elections. If a majority or two-thirds of voters approve the proposed tax rate, it becomes the adopted rate. The bill takes effect January 1, 2026.

Texas HB3601 amends tax rate calculation formulas and procedures for approving tax rates exceeding voter-approval levels.

Texas HB3601 modifies the formulas for calculating the no-new-revenue tax rate and the voter-approval tax rate for taxing units. It specifies that certain tax code sections do not apply to certain taxes. The bill also outlines procedures for approving tax rates that exceed the voter-approval tax rate, including holding public hearings and elections. If a majority or two-thirds of voters approve the proposed tax rate, it becomes the adopted rate. The bill takes effect January 1, 2026.