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A BILL TO BE ENTITLED
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AN ACT
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relating to an adjustment under the foundation school program of |
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the taxable value of property for school districts required to |
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provide social security coverage for district employees. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter E, Chapter 42, Education Code, is |
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amended by adding Section 42.2529 to read as follows: |
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Sec. 42.2529. ADJUSTMENT FOR DISTRICT PROVIDING SOCIAL |
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SECURITY COVERAGE. (a) For purposes of Chapters 41 and 46 and this |
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chapter, the commissioner shall reduce the taxable value of |
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property of a school district that provided social security |
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coverage, as defined by Section 606.001, Government Code, for |
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district employees before January 1, 2019, by a percentage of value |
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equal to the percentage of the district's required contribution for |
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social security coverage. |
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(b) An action of the commissioner under this section is |
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final and may not be appealed. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2019. |