Texas SB2528 amends tax rate calculation and voter petition processes for hospital and junior college districts.

Texas SB2528 amends the Tax Code to define and calculate the "petition election tax rate" for hospital and junior college districts. This rate is the highest tax rate a taxing unit may adopt before voters can petition for an election to reduce it. The bill specifies the formula for calculating this rate and outlines the process for holding such an election. It also mandates that certain tax rate information be posted on county websites and included in tax rate notices. If voters approve the reduction, the tax rate for the current year becomes the petition election tax rate.

Texas SB2528 amends tax rate calculation and voter petition processes for hospital and junior college districts.

Texas SB2528 amends the Tax Code to define and calculate the "petition election tax rate" for hospital and junior college districts. This rate is the highest tax rate a taxing unit may adopt before voters can petition for an election to reduce it. The bill specifies the formula for calculating this rate and outlines the process for holding such an election. It also mandates that certain tax rate information be posted on county websites and included in tax rate notices. If voters approve the reduction, the tax rate for the current year becomes the petition election tax rate.