Bill Text: TX HB3508 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the value of commercial property used to determine the cost of an attendance credit for school districts required to equalize wealth.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-03-25 - Referred to Public Education [HB3508 Detail]
Download: Texas-2013-HB3508-Introduced.html
83R9717 KKA-D | ||
By: Capriglione | H.B. No. 3508 |
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relating to the value of commercial property used to determine the | ||
cost of an attendance credit for school districts required to | ||
equalize wealth. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 41.093, Education Code, is amended by | ||
amending Subsection (a) and adding Subsection (b-2) to read as | ||
follows: | ||
(a) Subject to Subsections [ |
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the cost of each credit is an amount equal to the greater of: | ||
(1) the amount of the district's maintenance and | ||
operations tax revenue per student in weighted average daily | ||
attendance for the school year for which the contract is executed; | ||
or | ||
(2) the amount of the statewide district average of | ||
maintenance and operations tax revenue per student in weighted | ||
average daily attendance for the school year preceding the school | ||
year for which the contract is executed. | ||
(b-2) The commissioner, in computing the amounts described | ||
by Subsections (a)(1) and (2) and determining the cost of an | ||
attendance credit, may include only the amount of maintenance and | ||
operations tax revenue derived from commercial property, as defined | ||
by commissioner rule, that results from the lesser of: | ||
(1) the taxable value of the property; or | ||
(2) the taxable value of the property on January 1, | ||
2013. | ||
SECTION 2. This Act takes effect September 1, 2013. |