Texas § TX.26.013 - UNUSED INCREMENT RATE
Full text of Texas The Texas Constitution § TX.26.013 — UNUSED INCREMENT RATE, with citation guidance and answers to common questions.
§ TX.26.013. UNUSED INCREMENT RATE
UNUSED INCREMENT RATE. (a) In this section: (1) "Actual tax rate" means a taxing unit's actual tax rate used to levy taxes in the applicable preceding tax year. (1-a) "Foregone revenue amount" means the greater of: (A) zero; or (B) the amount expressed in dollars calculated according to the following formula: FOREGONE REVENUE AMOUNT = (VOTER-APPROVAL TAX RATE - ACTUAL TAX RATE) x PRECEDING TOTAL VALUE (1-b) "Preceding total value" means a taxing unit's current total value in the applicable preceding tax year. (2) "Voter-approval tax rate" means a taxing unit's voter-approval tax rate in the applicable preceding tax year, as adopted by the taxing unit during the applicable preceding tax year, less the unused increment rate for that preceding tax year. (3) "Year 1" means the third tax year preceding the current tax year. (4) "Year 2" means the second tax year preceding the current tax year. (5) "Year 3" means the tax year preceding the current tax year. (b) In this chapter, "unused increment rate" means the greater of: (1) zero; or (2) the rate expressed in dollars per $100 of taxable value calculated according to the following formula: UNUSED INCREMENT RATE = (YEAR 1 FOREGONE REVENUE AMOUNT + YEAR 2 FOREGONE REVENUE AMOUNT + YEAR 3 FOREGONE REVENUE AMOUNT) / CURRENT TOTAL VALUE Added by Acts 2019, 86th Leg., R.S., Ch. 944 (S.B. 2 ), Sec. 34, eff. January 1, 2020. Amended by: Acts 2023, 88th Leg., R.S., Ch. 928 (S.B. 2350 ), Sec. 1, eff. June 18, 2023. Acts 2023, 88th Leg., R.S., Ch. 1168 (S.B. 1999 ), Sec. 1, eff. January 1, 2024. Acts 2023, 88th Leg., R.S., Ch. 1168 (S.B. 1999 ), Sec. 2, eff. January 1, 2024.
Frequently Asked Questions About Texas § TX.26.013
What does The Texas Constitution § TX.26.013 cover?
Section TX.26.013 ("UNUSED INCREMENT RATE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § TX.26.013?
A common citation format is "The Texas Constitution § TX.26.013" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § TX.26.013 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.