|
|
|
A BILL TO BE ENTITLED
|
|
AN ACT
|
|
relating to an adjustment under the public school finance system |
|
for optional homestead exemptions. |
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
SECTION 1. Sections 42.2522(a) and (d), Education Code, are |
|
amended to read as follows: |
|
(a) In any school year, the commissioner may not provide |
|
funding under this chapter or Chapter 46 or make determinations |
|
regarding action required under Chapter 41 based on a school |
|
district's taxable value of property computed in accordance with |
|
Section 403.302(d)(2), Government Code, unless: |
|
(1) funds are specifically appropriated for purposes |
|
of this section; or |
|
(2) the commissioner determines that the total amount |
|
of state funds appropriated for purposes of the Foundation School |
|
Program for the school year exceeds the amount of state funds |
|
distributed to school districts in accordance with Section 42.253 |
|
based on the taxable values of property in school districts |
|
computed in accordance with Section 403.302(d), Government Code, |
|
without any deduction for residence homestead exemptions granted |
|
under Section 11.13(n), Tax Code. |
|
(d) If the commissioner determines that the amount of funds |
|
available under Subsection (a)(1) or (2) does not at least equal the |
|
total amount of state funding to which districts would be entitled |
|
if state funding under this chapter and Chapter 46 and action |
|
required to be taken under Chapter 41 were based on the taxable |
|
values of property in school districts computed in accordance with |
|
Section 403.302(d)(2), Government Code, the commissioner may, to |
|
the extent necessary, provide state funding and require action |
|
under Chapter 41 based on a uniform lesser fraction of the deduction |
|
under Section 403.302(d)(2), Government Code. |
|
SECTION 2. This Act takes effect September 1, 2017. |