Bill Text: TX SB603 | 2017-2018 | 85th 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) 2017-02-13 - Referred to Education [SB603 Detail]

Download: Texas-2017-SB603-Introduced.html

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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.