Tex.
Tax Code Section 26.0443
Tax Rate Adjustment for Eligible County Hospital Expenditures
(a)
In this section:(1)
“Eligible county hospital” means a hospital that:(A)
is:(i)
owned or leased by a county and operated in accordance with Chapter 263 (County Hospitals and Other Health Facilities), Health and Safety Code; or(ii)
owned or leased jointly by a municipality and a county and operated in accordance with Chapter 265 (Joint Municipal and County Hospitals), Health and Safety Code; and(B)
is located in an area not served by a hospital district created under Sections 4 through 11, Article IX, Texas Constitution.(2)
“Eligible county hospital expenditures” for a tax year means the amount paid by a county or municipality in the period beginning on July 1 of the tax year preceding the tax year for which the tax is adopted and ending on June 30 of the tax year for which the tax is adopted to maintain and operate an eligible county hospital.(b)
If a county’s or municipality’s eligible county hospital expenditures exceed the amount of those expenditures for the preceding tax year, the no-new-revenue maintenance and operations rate for the county or municipality, as applicable, is increased by the lesser of the rates computed according to the following formulas:(Current Tax Year’s Eligible County Hospital Expenditures - Preceding Tax Year’s Eligible County Hospital Expenditures)
/ (Current Total Value - New Property Value)(Preceding Tax Year’s Eligible County Hospital Expenditures x 0.08)
/ (Current Total Value - New Property Value)(c)
The county or municipality shall include a notice of the increase in the no-new-revenue maintenance and operations rate provided by this section, including a description and amount of eligible county hospital expenditures, in the information published under Section 26.04 (Submission of Roll to Governing Body; No-new-revenue and Voter-approval Tax Rates)(e) and, as applicable, in the notice prescribed by Section 26.06 (Notice, Hearing, and Vote on Tax Increase) or 26.061 (Notice of Meeting to Vote on Proposed Tax Rate that Does Not Exceed Lower of No-new-revenue or Voter-approval Tax Rate).
Source:
Section 26.0443 — Tax Rate Adjustment for Eligible County Hospital Expenditures, https://statutes.capitol.texas.gov/Docs/TX/htm/TX.26.htm#26.0443
(accessed Mar. 23, 2024).