Bill Text: TX HB2377 | 2023-2024 | 88th Legislature | Introduced


Bill Title: Relating to the components of a school district's enrichment tax rate and the calculation of the guaranteed yield under the Foundation School Program.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2023-03-09 - Referred to Public Education [HB2377 Detail]

Download: Texas-2023-HB2377-Introduced.html
  88R6741 MM-D
 
  By: Plesa H.B. No. 2377
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the components of a school district's enrichment tax
  rate and the calculation of the guaranteed yield under the
  Foundation School Program.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 45.0032(b), Education Code, is amended
  to read as follows:
         (b)  A district's enrichment tax rate consists of:
               (1)  any cents of additional maintenance and operations
  tax effort, not to exceed 10 [eight] cents over the maximum tax rate
  described by Subsection (a); and
               (2)  any cents of additional maintenance and operations
  tax effort that exceeds the sum of the maximum tax rate described by
  Subsection (a) and the maximum number of cents permitted under
  Subdivision (1).
         SECTION 2.  Section 48.202(a-1), Education Code, is amended
  to read as follows:
         (a-1)  For purposes of Subsection (a), the dollar amount
  guaranteed level of state and local funds per weighted student per
  cent of tax effort ("GL") for a school district is:
               (1)  the greater of the amount of district tax revenue
  per weighted student per cent of tax effort available to a school
  district at the 96th percentile of wealth per weighted student or
  the amount that results from multiplying 6,160, or the greater
  amount provided under Section 48.051(b), if applicable, by 0.016,
  for the first 10 [eight] cents by which the district's maintenance
  and operations tax rate exceeds the district's tier one tax rate;
  and
               (2)  subject to Subsection (f), the amount that results
  from multiplying $6,160, or the greater amount provided under
  Section 48.051(b), if applicable, by 0.008, for the district's
  maintenance and operations tax effort that exceeds the amount of
  tax effort described by Subdivision (1).
         SECTION 3.  This Act takes effect September 1, 2023.
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