Bill Text: TX HB3653 | 2013-2014 | 83rd Legislature | Introduced

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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) 2013-03-21 - Referred to Public Education [HB3653 Detail]

Download: Texas-2013-HB3653-Introduced.html

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83R9101 KKA-D
By: Branch H.B. No. 3653

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. This Act may be cited as the Robin Hood Relief
Act.
SECTION 2. 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 39.6 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 3. This Act takes effect September 1, 2013.