SB9 amends the calculation of voter-approval tax rates for certain taxing units in Texas.
SB9 revises the formulas for calculating the voter-approval tax rate for certain taxing units in Texas. It specifies different formulas based on the type of taxing unit and whether an additional sales and use tax is imposed. The bill also details how to calculate the sales tax gain rate and sales tax revenue rate, which are used in determining the voter-approval tax rate. The changes apply to ad valorem taxes for tax years beginning on or after January 1, 2026.
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