Text of section effective until September 01, 2020
Sec. 48.255. STATE COMPRESSION PERCENTAGE. (a) In this title, "state compression percentage" means the percentage of the rate of $1.00 per $100 valuation of taxable property at which a school district must levy a maintenance and operations tax to receive the full amount of the tier one allotment to which the district is entitled under this chapter.
(b) The state compression percentage is:
(1) 93 percent; or
(2) a lower percentage set by appropriation for a school year.
Transferred, redesignated and amended by Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3), Sec. 1.040, eff. September 1, 2019.
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