Bill Text: TX SB603 | 2017-2018 | 85th 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.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-02-13 - Referred to Education [SB603 Detail]

Download: Texas-2017-SB603-Introduced.html
  85R361 KKA-F
 
  By: Huffines S.B. No. 603
 
 
 
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 A, Chapter 41, Education Code, is
  amended by adding Section 41.0021 to read as follows:
         Sec. 41.0021.  WEALTH PER STUDENT OF CERTAIN SCHOOL
  DISTRICTS. (a) This section applies only to a school district with
  a wealth per student:
               (1)  for the 2016-2017 school year that exceeded the
  equalized wealth level for that school year under Section
  41.002(a)(1) or (3); and
               (2)  for the current year that is not less than the
  district's wealth per student for the preceding school year.
         (b)  Notwithstanding any other provision of this chapter, if
  for any school year the difference between a district's wealth per
  student and the equalized wealth level for that school year under
  Section 41.002(a)(1) or (3), as applicable, is greater than the
  difference between the district's wealth per student for the
  2016-2017 school year and the equalized wealth level for that year
  under Section 41.002(a)(1) or (3), as applicable, the commissioner,
  at the written request of the district's board of trustees, shall
  consider the district's wealth per student, before exercising one
  or more options under Section 41.003, to be an amount equal to the
  sum of the equalized wealth level for the year under Section
  41.002(a)(1) or (3), as applicable, plus the difference between the
  district's wealth per student for the 2016-2017 school year and the
  equalized wealth level for that year under Section 41.002(a)(1) or
  (3), as applicable.
         SECTION 2.  This Act takes effect September 1, 2017.
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