Bill > SB749

This bill makes several changes to Texas tax and local government regulations, primarily focusing on special purpose districts and their tax reporting requirements. The bill requires special purpose districts to post detailed information online, including district name, governing body details, contact information, tax rates, and meeting schedules. It modifies the definition of "special taxing unit" by removing references to junior college districts and hospital districts, and adjusts how foregone revenue is calculated for certain taxing units through 2028. The bill also defines a "developed district" as one that has financed and completed infrastructure serving at least 95% of its projected build-out, and allows certain districts to pledge maintenance taxes up to 10 cents per $100 of property valuation. Additionally, the bill repeals several sections of the Special District Local Laws Code and Water Code related to district governance and taxation. These changes aim to increase transparency for special purpose districts and streamline their tax and reporting processes. The bill will take effect on January 1, 2026, and applies to ad valorem tax years beginning on or after that date.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB749