| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 84R10895 CAE-D | |
| 2 | 2 | By: Capriglione H.B. No. 2742 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to the maintenance and operations tax revenue of a school | |
| 8 | 8 | district located in a reinvestment zone. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Section 41.093(b), Education Code, is amended to | |
| 11 | 11 | read as follows: | |
| 12 | 12 | (b) For purposes of this section, a school district's | |
| 13 | 13 | maintenance and operations tax revenue does not include: | |
| 14 | 14 | (1) any amounts paid into a tax increment fund under | |
| 15 | 15 | Chapter 311, Tax Code; or | |
| 16 | 16 | (2) for a period of 10 years following the final year | |
| 17 | 17 | that the district made payments described by Subdivision (1), an | |
| 18 | 18 | amount equal to the total amount paid into the tax increment fund | |
| 19 | 19 | during the final year. | |
| 20 | 20 | SECTION 2. This Act takes effect September 1, 2015. |