Texas Education Code 48.203 – Limitation On Enrichment Tax Rate
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Terms Used In Texas Education Code 48.203
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Year: means 12 consecutive months. See Texas Government Code 311.005
The district enrichment tax rate (“DTR”) under § 48.202 may not exceed the amount per $100 of valuation by which the maximum rate permitted under § 45.003 exceeds the rate used to determine the district’s local share under § 48.256, or a greater amount for any year provided by appropriation.