Bill Text: TX SB1610 | 2015-2016 | 84th 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) 2015-03-23 - Referred to Education [SB1610 Detail]
Download: Texas-2015-SB1610-Introduced.html
| 2015S0410-1 03/05/15 | ||
| By: Huffines | S.B. No. 1610 | |
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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. Section 41.002, Education Code, is amended by | ||
| adding Subsections (c), (d), and (d-1) to read as follows: | ||
| (c) Notwithstanding any other provision of this chapter and | ||
| except as provided by Subsection (d), if the difference between a | ||
| school district's wealth per student and the equalized wealth level | ||
| is greater than the difference between the school district's wealth | ||
| per student for the 2014-2015 school year and the equalized wealth | ||
| level for the 2014-2015 school year, the commissioner shall | ||
| consider the school district to have reduced its wealth per student | ||
| to an amount equal to the equalized wealth level plus the difference | ||
| between the school district's wealth per student for the 2014-2015 | ||
| school year and the equalized wealth level for the 2014-2015 school | ||
| year. This subsection applies only to a school district that, in | ||
| the 2014-2015 school year, had a wealth per student that exceeded | ||
| the equalized wealth level of that school year. | ||
| (d) Notwithstanding any other provision of this chapter, if | ||
| the difference between a school district's wealth per student, | ||
| including any reduction under Subsection (c), and the equalized | ||
| wealth level is greater than the difference between the school | ||
| district's wealth per student, including any reduction under | ||
| Subsection (c) or this subsection, for the preceding school year | ||
| and the equalized wealth level for that school year, the | ||
| commissioner shall consider the school district's wealth per | ||
| student to be an amount equal to the lesser of: | ||
| (1) the school district's wealth per student, | ||
| including any reduction under Subsection (c); or | ||
| (2) the equalized wealth level, plus the product of: | ||
| (A) the difference between the wealth per | ||
| student, including any reduction under Subsection (c) or this | ||
| subsection, for the preceding school year and the equalized wealth | ||
| level for that school year; and | ||
| (B) the quotient, if greater than or equal to | ||
| one, of the number of students enrolled in all public schools in | ||
| this state for the current year, as determined by the commissioner, | ||
| divided by the number of students enrolled in all public schools in | ||
| this state for the preceding year, as determined by the | ||
| commissioner. If this quotient is less than one, the commissioner | ||
| shall determine the school district's wealth per student under | ||
| Subdivision (1). | ||
| (d-1) Subsection (d) applies only to a school district that, | ||
| in the preceding school year, had a wealth per student that exceeded | ||
| the equalized wealth level of that school year. | ||
| SECTION 2. This Act takes effect September 1, 2015. | ||
