Bill Text: TX SB81 | 2021 | 87th Legislature 2nd Special Session | Introduced
Bill Title: Relating to the deposit of certain constitutionally dedicated money to the credit of the tax reduction and excellence in education fund and the use of that money.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-08-17 - Filed [SB81 Detail]
Download: Texas-2021-SB81-Introduced.html
| By: Paxton | S.B. No. 81 | |
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| relating to the deposit of certain constitutionally | ||
| dedicated money to the credit of the tax reduction and excellence in | ||
| education fund and the use of that money. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Chapter 47, Education Code, is amended by adding | ||
| Section 47.0045 to read as follows: | ||
| Section 47.004, Education Code, is amended to read as | ||
| follows: | ||
| Sec. 47.0045. DEPOSIT AND USE OF CERTAIN MONEY DEDICATED | ||
| FOR SCHOOL DISTRICT AD VALOREM TAX RATE REDUCTION. (a) The | ||
| comptroller shall deposit to the credit of the fund money described | ||
| by Section 7-e(a) Article VIII, Texas Constitution. | ||
| (b) Money deposited to the fund under this section and | ||
| appropriated to the agency under Section 7-e, Article VIII, Texas | ||
| Constitution, may be used only for the purpose of reducing the state | ||
| compression percentage under Section 48.255. | ||
| SECTION 2. This Act takes effect January 1, 2023, but only | ||
| if the constitutional amendment proposed by the 87th Legislature, | ||
| 2nd Called Session, 2021, providing for the appropriation of | ||
| certain surplus state revenue for the purpose of reducing school | ||
| district maintenance and operations ad valorem taxes is approved by | ||
| the voters. If that amendment is not approved by the voters, this | ||
| Act has no effect. | ||
