Bill Text: TX HB2742 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the maintenance and operations tax revenue of a school district located in a reinvestment zone.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-03-16 - Referred to Public Education [HB2742 Detail]
Download: Texas-2015-HB2742-Introduced.html
84R10895 CAE-D | ||
By: Capriglione | H.B. No. 2742 |
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relating to the maintenance and operations tax revenue of a school | ||
district located in a reinvestment zone. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 41.093(b), Education Code, is amended to | ||
read as follows: | ||
(b) For purposes of this section, a school district's | ||
maintenance and operations tax revenue does not include: | ||
(1) any amounts paid into a tax increment fund under | ||
Chapter 311, Tax Code; or | ||
(2) for a period of 10 years following the final year | ||
that the district made payments described by Subdivision (1), an | ||
amount equal to the total amount paid into the tax increment fund | ||
during the final year. | ||
SECTION 2. This Act takes effect September 1, 2015. |