Tex. Fin. Code § 341.203 · Subchapter C. REVISED CEILINGS AND BRACKETS
COMPUTATION OF REVISED CEILING OR BRACKET.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The amount of a revised ceiling or bracket is computed by:
(1) dividing the reference base index into the consumer price index at the end of the preceding year;
(2) computing the percentage of change under Subdivision (1) to the nearest whole percent;
(3) rounding the result computed under Subdivision (2) to the next lower multiple of 10 percent unless the result computed under Subdivision (2) is a multiple of 10 percent in which event that result is used; and
(4) multiplying the reference amount of the ceiling or bracket provided by this subtitle by the result under Subdivision (3).
(b) If the consumer price index is revised, the revised index shall be used to compute amounts under this section after that revision takes effect. If the revision changes the reference base index, a revised reference base index shall be used. The revised reference base index shall bear the same ratio to the reference base index as the revised consumer price index for the first month in which it is available bears to the consumer price index for the first month in which the revised consumer price index is available.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.341.htm
- Text hash
- sha256 70ff11cbedc0500d5244f1d6ffc8280b83dee183ac7322ac5a41a6dd78f3d9b7
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 2 provisions
Provisions in this library whose text cites Tex. Fin. Code § 341.203. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.