Bill Text: TX HB839 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to treatment under the public school finance system of school district revenue resulting from reduction or elimination of an optional homestead exemption.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2011-04-05 - Left pending in committee [HB839 Detail]
Download: Texas-2011-HB839-Introduced.html
82R2374 EAH-D | ||
By: Elkins | H.B. No. 839 |
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relating to treatment under the public school finance system of | ||
school district revenue resulting from reduction or elimination of | ||
an optional homestead exemption. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 42.008, Education Code, is amended by | ||
adding Subsection (b-1) to read as follows: | ||
(b-1) Revenue to which a school district is entitled as a | ||
result of the reduction or elimination on or after January 1, 2011, | ||
of an exemption under Section 11.13(n), Tax Code, that was in effect | ||
before that date is not included for purposes of determining the | ||
limitation imposed by this section. | ||
SECTION 2. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2011. |