SB1023 amends Texas tax code to revise ad valorem tax rate calculations.

SB1023 modifies the Texas Tax Code to update the process for calculating certain ad valorem tax rates. It mandates that designated officers or employees use specific electronic forms prescribed by the comptroller for calculating no-new-revenue and voter-approval tax rates. These forms must include hyperlinks for entries that are not mathematical calculations. The bill also requires that tax rate calculations be done separately for each reinvestment zone in which a taxing unit participates. The changes apply to tax years beginning on or after January 1, 2026.

SB1023 amends Texas tax code to revise ad valorem tax rate calculations.

SB1023 modifies the Texas Tax Code to update the process for calculating certain ad valorem tax rates. It mandates that designated officers or employees use specific electronic forms prescribed by the comptroller for calculating no-new-revenue and voter-approval tax rates. These forms must include hyperlinks for entries that are not mathematical calculations. The bill also requires that tax rate calculations be done separately for each reinvestment zone in which a taxing unit participates. The changes apply to tax years beginning on or after January 1, 2026.