|
|
|
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. |