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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. Subchapter A, Chapter 41, Education Code, is |
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amended by adding Section 41.0021 to read as follows: |
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Sec. 41.0021. WEALTH PER STUDENT OF CERTAIN SCHOOL |
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DISTRICTS. (a) This section applies only to a school district with |
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a wealth per student: |
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(1) for the 2016-2017 school year that exceeded the |
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equalized wealth level for that school year under Section |
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41.002(a)(1) or (3); and |
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(2) for the current year that is not less than the |
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district's wealth per student for the preceding school year. |
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(b) Notwithstanding any other provision of this chapter, if |
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for any school year the difference between a district's wealth per |
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student and the equalized wealth level for that school year under |
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Section 41.002(a)(1) or (3), as applicable, is greater than the |
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difference between the district's wealth per student for the |
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2016-2017 school year and the equalized wealth level for that year |
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under Section 41.002(a)(1) or (3), as applicable, the commissioner, |
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at the written request of the district's board of trustees, shall |
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consider the district's wealth per student, before exercising one |
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or more options under Section 41.003, to be an amount equal to the |
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sum of the equalized wealth level for the year under Section |
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41.002(a)(1) or (3), as applicable, plus the difference between the |
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district's wealth per student for the 2016-2017 school year and the |
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equalized wealth level for that year under Section 41.002(a)(1) or |
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(3), as applicable. |
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SECTION 2. This Act takes effect September 1, 2017. |