Bill Text: TX HB3653 | 2013-2014 | 83rd Legislature | Introduced


Bill Title: Relating to a limitation on the amount of school property tax revenue that is subject to recapture under the public school finance system.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2013-03-21 - Referred to Public Education [HB3653 Detail]

Download: Texas-2013-HB3653-Introduced.html
  83R9101 KKA-D
 
  By: Branch H.B. No. 3653
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to a limitation on the amount of school property tax
  revenue that is subject to recapture under the public school
  finance system.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  This Act may be cited as the Robin Hood Relief
  Act.
         SECTION 2.  Subchapter D, Chapter 41, Education Code, is
  amended by adding Section 41.0932 to read as follows:
         Sec. 41.0932.  LIMITATION ON TOTAL COST. Notwithstanding
  any other provision of this chapter, a school district that
  executes an agreement to purchase all attendance credits necessary
  to reduce the district's wealth per student to the equalized wealth
  level may not be required to pay a total amount for attendance
  credits that exceeds the amount equal to 39.6 percent of the amount
  of maintenance and operations tax revenue collected by the district
  for the tax year that ends during the school year for which the
  agreement is executed.
         SECTION 3.  This Act takes effect September 1, 2013.
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