Bill Text: TX HB664 | 2019-2020 | 86th Legislature | 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.
Sponsorship: Partisan Bill (Republican 1)
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 | |
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| 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. | ||
