Texas HB4949 amends tax calculation formulas for certain counties and taxing units.
Texas HB4949 revises the formulas for calculating the voter-approval tax rate for certain counties and taxing units. It specifies new formulas for calculating the no-new-revenue tax rate and voter-approval tax rate for taxing units imposing an additional sales and use tax. The bill also details the procedure for adopting a tax rate that exceeds the voter-approval tax rate, including voter approval requirements. These changes apply to ad valorem taxes imposed for tax years beginning on or after January 1, 2026.
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