Perpetual Care Cemetery

Effective September 8, 2019, Title 7 of the Texas Administrative Code (TAC) Section 26.1 was amended to adjust the manner in which annual assessments are calculated. Since the amendment, the assessment table has not been adjusted.

TAC Section 26.1(d) authorizes the Texas Department of Banking (Department) to revise the annual assessment table based on the measure of inflation reflected in the annual Gross Domestic Product Implicit Price Deflator (GDPIPD) factor. The GDPIPD is published quarterly by the Bureau of Economic Analysis (BEA), United States Department of Commerce.

The annual inflationary adjustment is equal to the percentage change in the GDPIPD index values published for the first quarter of the current year compared to the first quarter of the previous year (the March-to-March period immediately preceding the calculation date). All previously published estimates can be viewed on the BEA website.

After evaluating projections and the budget position for the fiscal year 2024, which begins September 1, 2023, and ends August 31, 2024, it was determined that the first annual inflationary adjustment may be necessary to fund the Department’s operations. The annual inflationary adjustment for the fiscal year 2024 is 5.34% which will be effective September 1, 2023. The adjustment was calculated based on the July 27, 2023, GDPIPD revision.

The revised perpetual care cemetery assessment table reflecting the inflation-adjusted values can be viewed here. As a reminder, by statute, the Department only collects assessment amounts to cover the cost of administering the regulated industries, and will continue to periodically review its budget position to determine if a reduction in assessments is possible.

Any questions or concerns pertaining to this matter should be directed to pfcpcc@dob.texas.gov or (877) 276-5554.