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A BILL TO BE ENTITLED
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AN ACT
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relating to a limitation on the amount of school property tax |
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revenue that is subject to recapture under the public school |
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finance system. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 41.002, Education Code, is amended by |
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adding Subsections (c), (d), and (d-1) to read as follows: |
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(c) Notwithstanding any other provision of this chapter and |
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except as provided by Subsection (d), if the difference between a |
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school district's wealth per student and the equalized wealth level |
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is greater than the difference between the school district's wealth |
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per student for the 2014-2015 school year and the equalized wealth |
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level for the 2014-2015 school year, the commissioner shall |
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consider the school district to have reduced its wealth per student |
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to an amount equal to the equalized wealth level plus the difference |
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between the school district's wealth per student for the 2014-2015 |
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school year and the equalized wealth level for the 2014-2015 school |
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year. This subsection applies only to a school district that, in |
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the 2014-2015 school year, had a wealth per student that exceeded |
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the equalized wealth level of that school year. |
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(d) Notwithstanding any other provision of this chapter, if |
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the difference between a school district's wealth per student, |
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including any reduction under Subsection (c), and the equalized |
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wealth level is greater than the difference between the school |
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district's wealth per student, including any reduction under |
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Subsection (c) or this subsection, for the preceding school year |
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and the equalized wealth level for that school year, the |
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commissioner shall consider the school district's wealth per |
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student to be an amount equal to the lesser of: |
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(1) the school district's wealth per student, |
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including any reduction under Subsection (c); or |
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(2) the equalized wealth level, plus the product of: |
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(A) the difference between the wealth per |
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student, including any reduction under Subsection (c) or this |
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subsection, for the preceding school year and the equalized wealth |
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level for that school year; and |
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(B) the quotient, if greater than or equal to |
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one, of the number of students enrolled in all public schools in |
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this state for the current year, as determined by the commissioner, |
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divided by the number of students enrolled in all public schools in |
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this state for the preceding year, as determined by the |
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commissioner. If this quotient is less than one, the commissioner |
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shall determine the school district's wealth per student under |
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Subdivision (1). |
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(d-1) Subsection (d) applies only to a school district that, |
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in the preceding school year, had a wealth per student that exceeded |
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the equalized wealth level of that school year. |
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SECTION 2. This Act takes effect September 1, 2015. |