By Smith H.B. No. 2544
Line and page numbers may not match official copy.
Bill not drafted by TLC or Senate E&E.
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the residential homestead property tax exemption and
1-3 the calculation of state aid.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 42.2511, Subchapter E, Chapter 42,
1-6 Education Code, is amended to read as follows:
1-7 Sec. 42.2511. COMPUTATION OF STATE AID FOR 1999-2000 AND
1-8 2000-2001 [1997-1998] SCHOOL YEARS; ADDITIONAL STATE AID. [(a)
1-9 Notwithstanding any other provision of this chapter, in computing
1-10 state aid for the 1997-1998 school year, a school district's
1-11 taxable value of property under Subchapter M, Chapter 403,
1-12 Government Code, is determined as if the increase in the homestead
1-13 exemption under Section 1-b(c), Article VIII, Texas Constitution,
1-14 and the additional limitation on tax increases under Section 1-b(d)
1-15 of that article, as proposed by H.J.R. No. 4, 75th Legislature,
1-16 Regular Session, 1997, had been in effect for the 1996 tax year.]
1-17 (a) [(b)] Notwithstanding any other provision of this
1-18 chapter, [F]for the 1999-2000 [1997-1998] and 2000-2001 [1998-1999]
1-19 school years, a school district is entitled to additional state aid
1-20 to the extent that state aid under this chapter based on the
1-21 determination of the school district's taxable value of property as
2-1 provided under Subchapter M. Chapter 403, Government Code, [by
2-2 Subsection (a)] does not fully compensate the district for ad
2-3 valorem tax revenue that would have been lost due to the increase
2-4 in the homestead exemption under Section 1-b(c). Article VIII,
2-5 Texas Constitution, and the additional limitation on tax increases
2-6 under Section 1-b(d) of that article [if the increased exemption
2-7 and additional limitation had been in effect for the 1996 tax
2-8 year]. The commissioner, using information provided by the
2-9 comptroller, shall compute the amount of additional state aid to
2-10 which a district is entitled under this subsection. A
2-11 determination by the commissioner under this subsection is final
2-12 and may not be appealed.
2-13 (b) [(c)] This section expires September 1, 2001 [1999].
2-14 SECTION 2. This Act takes effect September 1, 1999.
2-15 SECTION 3. The importance of this legislation and the
2-16 crowded condition of the calendars in both houses create an
2-17 emergency and an imperative public necessity that the
2-18 constitutional rule requiring bills to be read on three several
2-19 days in each house be suspended, and this rule is hereby suspended,
2-20 and that this Act that effect and be in force from and after its
2-21 passage, and it is so enacted.