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A BILL TO BE ENTITLED
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AN ACT
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relating to the cost of attendance credits to achieve the equalized |
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wealth level for school districts that provide social security |
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coverage for employees. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 41.093(b), Education Code, is amended to |
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read as follows: |
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(b) For purposes of this section, a school district's |
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maintenance and operations tax revenue does not include: |
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(1) any amounts paid into a tax increment fund under |
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Chapter 311, Tax Code; or |
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(2) for a district that provided social security |
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coverage, as defined by Section 606.001, Government Code, for the |
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district's employees before January 1, 2019, an amount of tax |
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revenue equal to the district's cost of paying contributions made |
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on behalf of employees in a class of employees covered under the |
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social security program before that date. |
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SECTION 2. This Act takes effect September 1, 2019. |