Bill Text: TX HB3247 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the adjustment under the public school finance system for optional homestead exemptions granted by public school districts.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-03-17 - Referred to Public Education [HB3247 Detail]
Download: Texas-2015-HB3247-Introduced.html
84R9509 JSL-D | ||
By: Meyer | H.B. No. 3247 |
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relating to the adjustment under the public school finance system | ||
for optional homestead exemptions granted by public school | ||
districts. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Sections 42.2522(a) and (d), Education Code, are | ||
amended to read as follows: | ||
(a) In any school year, the commissioner shall [ |
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provide funding under this chapter based on a school district's | ||
taxable value of property computed in accordance with Section | ||
403.302(d)(2), Government Code, but only if [ |
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(1) funds are specifically appropriated for purposes | ||
of this section; or | ||
(2) the commissioner determines that the total amount | ||
of state funds appropriated for purposes of the Foundation School | ||
Program for the school year exceeds the amount of state funds | ||
distributed to school districts in accordance with Section 42.253 | ||
based on the taxable values of property in school districts | ||
computed in accordance with Section 403.302(d), Government Code, | ||
without any deduction for residence homestead exemptions granted | ||
under Section 11.13(n), Tax Code. | ||
(d) If the commissioner determines that the amount of funds | ||
available under Subsection (a)(1) or (2) does not at least equal the | ||
total amount of state funding to which districts would be entitled | ||
if state funding under this chapter were based on the taxable values | ||
of property in school districts computed in accordance with Section | ||
403.302(d)(2), Government Code, the commissioner shall [ |
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fraction of the deduction under Section 403.302(d)(2), Government | ||
Code. | ||
SECTION 2. This Act takes effect September 1, 2015. |