79th Texas Legislature, Regular Session, Senate Bill 18, Chapter 1368 Page: 2 of 11
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S.B. No. 18
1 type larger than the type used in any other portion of the document:
2 (A) the following statement: "THIS TAX RATE WILL
3 RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S
4 TAX RATE. " and
5 (B) if the tax rate exceeds the effective
6 maintenance and operations rate, the following statement: "THE TAX
7 RATE WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000
8 HOME BY APPROXIMATELY $(Insert amount) ."; and
9 (2) include on the home page of any Internet website
10 operated by the unit:
11 (A) the following statement: "(Insert name of
12 unit) ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE
13 AND OPERATIONS THAN LAST YEAR'S TAX RATE"; and
14 (B) if the tax rate exceeds the effective
15 maintenance and operations rate, the following statement: "THE TAX
16 RATE WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000
17 HOME BY APPROXIMATELY $(Insert amount) ."
18 (d) The governing body of a taxing unit other than a school
19 district may not adopt a tax rate that exceeds the lower of the
20 rollback tax rate or [103 percent of] the effective tax rate
21 calculated as provided by this chapter until the governing body has
22 held two [a] public hearings [ 4aei] on the proposed tax rate and
23 has otherwise complied with Section 26.06 and Section 26.065. The
24 governing body of a taxing unit shall reduce a tax rate set by law or
25 by vote of the electorate to the lower of the rollback tax rate or
26 [103 p r- t of] the effective tax rate and may not adopt a higher
27 rate unless it first complies with Section 26.06._______ _ _ _
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Texas. Legislature. Senate. 79th Texas Legislature, Regular Session, Senate Bill 18, Chapter 1368, legislative document, June 18, 2005; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth157637/m1/2/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.