Bill Text: TX HB664 | 2019-2020 | 86th Legislature | Introduced

Texas House Bill 664 (Prior Session Legislation)

Introduced

Bill Title: Relating to a limitation on the amount of school property tax revenue that is subject to recapture under the public school finance system.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2019-02-21 - Referred to Public Education [HB664 Detail]

Download: Texas-2019-HB664-Introduced.html

	86R813 KKA-D

	By: King of Hemphill	H.B. No. 664



	A BILL TO BE ENTITLED
	AN ACT
	relating to a limitation on the amount of school property tax
	revenue that is subject to recapture under the public school
	finance system.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Subchapter D, Chapter 41, Education Code, is
	amended by adding Section 41.0932 to read as follows:
	Sec. 41.0932. LIMITATION ON TOTAL COST. Notwithstanding
	any other provision of this chapter, a school district that
	executes an agreement to purchase all attendance credits necessary
	to reduce the district's wealth per student to the equalized wealth
	level may not be required to pay a total amount for attendance
	credits that exceeds the amount equal to 60 percent of the amount of
	maintenance and operations tax revenue collected by the district
	for the tax year that ends during the school year for which the
	agreement is executed.
	SECTION 2. This Act takes effect September 1, 2019.