Texas SB1449 modifies tax rate calculations and adoptions for taxing units in disaster areas.

Texas SB1449 amends the Tax Code to change how taxing units calculate and adopt tax rates in disaster areas. It specifies that a taxing unit must identify a disaster declaration as the basis for calculating or adopting a tax rate. It prohibits a taxing unit from using the same disaster declaration in a subsequent tax year if a different declaration was used in an intervening year. The bill also mandates that school districts reduce their tax rates if the guaranteed level of state and local funds per weighted student exceeds that of the previous school year.

Texas SB1449 modifies tax rate calculations and adoptions for taxing units in disaster areas.

Texas SB1449 amends the Tax Code to change how taxing units calculate and adopt tax rates in disaster areas. It specifies that a taxing unit must identify a disaster declaration as the basis for calculating or adopting a tax rate. It prohibits a taxing unit from using the same disaster declaration in a subsequent tax year if a different declaration was used in an intervening year. The bill also mandates that school districts reduce their tax rates if the guaranteed level of state and local funds per weighted student exceeds that of the previous school year.