| 1 | 1 | | 2015S0410-1 03/05/15 |
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| 2 | 2 | | By: Huffines S.B. No. 1610 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to a limitation on the amount of school property tax |
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| 8 | 8 | | revenue that is subject to recapture under the public school |
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| 9 | 9 | | finance system. |
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| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 11 | | SECTION 1. Section 41.002, Education Code, is amended by |
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| 12 | 12 | | adding Subsections (c), (d), and (d-1) to read as follows: |
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| 13 | 13 | | (c) Notwithstanding any other provision of this chapter and |
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| 14 | 14 | | except as provided by Subsection (d), if the difference between a |
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| 15 | 15 | | school district's wealth per student and the equalized wealth level |
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| 16 | 16 | | is greater than the difference between the school district's wealth |
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| 17 | 17 | | per student for the 2014-2015 school year and the equalized wealth |
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| 18 | 18 | | level for the 2014-2015 school year, the commissioner shall |
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| 19 | 19 | | consider the school district to have reduced its wealth per student |
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| 20 | 20 | | to an amount equal to the equalized wealth level plus the difference |
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| 21 | 21 | | between the school district's wealth per student for the 2014-2015 |
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| 22 | 22 | | school year and the equalized wealth level for the 2014-2015 school |
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| 23 | 23 | | year. This subsection applies only to a school district that, in |
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| 24 | 24 | | the 2014-2015 school year, had a wealth per student that exceeded |
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| 25 | 25 | | the equalized wealth level of that school year. |
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| 26 | 26 | | (d) Notwithstanding any other provision of this chapter, if |
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| 27 | 27 | | the difference between a school district's wealth per student, |
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| 28 | 28 | | including any reduction under Subsection (c), and the equalized |
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| 29 | 29 | | wealth level is greater than the difference between the school |
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| 30 | 30 | | district's wealth per student, including any reduction under |
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| 31 | 31 | | Subsection (c) or this subsection, for the preceding school year |
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| 32 | 32 | | and the equalized wealth level for that school year, the |
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| 33 | 33 | | commissioner shall consider the school district's wealth per |
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| 34 | 34 | | student to be an amount equal to the lesser of: |
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| 35 | 35 | | (1) the school district's wealth per student, |
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| 36 | 36 | | including any reduction under Subsection (c); or |
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| 37 | 37 | | (2) the equalized wealth level, plus the product of: |
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| 38 | 38 | | (A) the difference between the wealth per |
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| 39 | 39 | | student, including any reduction under Subsection (c) or this |
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| 40 | 40 | | subsection, for the preceding school year and the equalized wealth |
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| 41 | 41 | | level for that school year; and |
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| 42 | 42 | | (B) the quotient, if greater than or equal to |
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| 43 | 43 | | one, of the number of students enrolled in all public schools in |
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| 44 | 44 | | this state for the current year, as determined by the commissioner, |
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| 45 | 45 | | divided by the number of students enrolled in all public schools in |
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| 46 | 46 | | this state for the preceding year, as determined by the |
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| 47 | 47 | | commissioner. If this quotient is less than one, the commissioner |
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| 48 | 48 | | shall determine the school district's wealth per student under |
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| 49 | 49 | | Subdivision (1). |
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| 50 | 50 | | (d-1) Subsection (d) applies only to a school district that, |
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| 51 | 51 | | in the preceding school year, had a wealth per student that exceeded |
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| 52 | 52 | | the equalized wealth level of that school year. |
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| 53 | 53 | | SECTION 2. This Act takes effect September 1, 2015. |
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