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A BILL TO BE ENTITLED
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AN ACT
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relating to the value of commercial property used to determine the |
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cost of an attendance credit for school districts required to |
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equalize wealth. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 41.093, Education Code, is amended by |
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amending Subsection (a) and adding Subsection (b-2) to read as |
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follows: |
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(a) Subject to Subsections [Subsection] (b-1) and (b-2), |
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the cost of each credit is an amount equal to the greater of: |
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(1) the amount of the district's maintenance and |
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operations tax revenue per student in weighted average daily |
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attendance for the school year for which the contract is executed; |
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or |
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(2) the amount of the statewide district average of |
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maintenance and operations tax revenue per student in weighted |
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average daily attendance for the school year preceding the school |
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year for which the contract is executed. |
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(b-2) The commissioner, in computing the amounts described |
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by Subsections (a)(1) and (2) and determining the cost of an |
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attendance credit, may include only the amount of maintenance and |
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operations tax revenue derived from commercial property, as defined |
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by commissioner rule, that results from the lesser of: |
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(1) the taxable value of the property; or |
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(2) the taxable value of the property on January 1, |
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2013. |
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SECTION 2. This Act takes effect September 1, 2013. |