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A BILL TO BE ENTITLED
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AN ACT
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relating to a credit against required recapture payments for school |
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districts for the cost of optional residence homestead exemptions |
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under the public school finance system. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter D, Chapter 49, Education Code, is |
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amended by adding Section 49.1574 to read as follows: |
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Sec. 49.1574. CREDIT FOR OPTIONAL HOMESTEAD EXEMPTION. (a) |
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The total amount required under Section 49.153 for a school |
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district to purchase attendance credit under this subchapter for |
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any school year is reduced by an amount equal to the total dollar |
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amount of residence homestead exemptions the district grants under |
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Section 11.13(n), Tax Code, for that school year, less any amount: |
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(1) the district receives under Chapter 48 that is |
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attributable to Section 48.259; or |
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(2) by which the district's local revenue level is |
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reduced to account for those exemptions. |
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(b) A reduction under Subsection (a) shall be made after |
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making any reduction to which the district is entitled under |
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Section 49.157 or another provision of this chapter. |
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SECTION 2. This Act takes effect September 1, 2025. |