Texas HB88 amends the voter-approval tax rate calculation for taxing units in large federally declared disaster areas.

Texas HB88 modifies the Tax Code to adjust the voter-approval tax rate calculation for taxing units located in large federally declared disaster areas. Specifically, it defines "large disaster area taxing unit" as a county or other taxing unit majority located in a disaster area covering at least three counties. For these units, the voter-approval tax rate is calculated as for a special taxing unit. For other taxing units, the rate is the lesser of the special taxing unit rate or a formula involving maintenance and operations, debt, and disaster relief rates.

Texas HB88 amends the voter-approval tax rate calculation for taxing units in large federally declared disaster areas.

Texas HB88 modifies the Tax Code to adjust the voter-approval tax rate calculation for taxing units located in large federally declared disaster areas. Specifically, it defines "large disaster area taxing unit" as a county or other taxing unit majority located in a disaster area covering at least three counties. For these units, the voter-approval tax rate is calculated as for a special taxing unit. For other taxing units, the rate is the lesser of the special taxing unit rate or a formula involving maintenance and operations, debt, and disaster relief rates.