Bill Text: TX HB3672 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to adjustment for districts required to participate in social security
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2017-03-31 - Referred to Public Education [HB3672 Detail]
Download: Texas-2017-HB3672-Introduced.html
By: Hinojosa | H.B. No. 3672 |
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relating to adjustment for districts required to participate in | ||
social security | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter E, Chapter | ||
42, Education Code, is | ||
amended by adding Section 42.2529 to read as follows: | ||
Sec. 42.2529. For purposes of Chapters 41, 46, and this | ||
chapter, a school district that is required to provide social | ||
security coverage, as defined by Section 606.001, Government Code, | ||
for district employees before January 1, 2017, shall have its | ||
taxable wealth reduced by the percentage of the district's | ||
contribution to social security. |