2015S0410-1 03/05/15
By: Huffines S.B. No. 1610
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. Section 41.002, Education Code, is amended by
adding Subsections (c), (d), and (d-1) to read as follows:
(c) Notwithstanding any other provision of this chapter and
except as provided by Subsection (d), if the difference between a
school district's wealth per student and the equalized wealth level
is greater than the difference between the school district's wealth
per student for the 2014-2015 school year and the equalized wealth
level for the 2014-2015 school year, the commissioner shall
consider the school district to have reduced its wealth per student
to an amount equal to the equalized wealth level plus the difference
between the school district's wealth per student for the 2014-2015
school year and the equalized wealth level for the 2014-2015 school
year. This subsection applies only to a school district that, in
the 2014-2015 school year, had a wealth per student that exceeded
the equalized wealth level of that school year.
(d) Notwithstanding any other provision of this chapter, if
the difference between a school district's wealth per student,
including any reduction under Subsection (c), and the equalized
wealth level is greater than the difference between the school
district's wealth per student, including any reduction under
Subsection (c) or this subsection, for the preceding school year
and the equalized wealth level for that school year, the
commissioner shall consider the school district's wealth per
student to be an amount equal to the lesser of:
(1) the school district's wealth per student,
including any reduction under Subsection (c); or
(2) the equalized wealth level, plus the product of:
(A) the difference between the wealth per
student, including any reduction under Subsection (c) or this
subsection, for the preceding school year and the equalized wealth
level for that school year; and
(B) the quotient, if greater than or equal to
one, of the number of students enrolled in all public schools in
this state for the current year, as determined by the commissioner,
divided by the number of students enrolled in all public schools in
this state for the preceding year, as determined by the
commissioner. If this quotient is less than one, the commissioner
shall determine the school district's wealth per student under
Subdivision (1).
(d-1) Subsection (d) applies only to a school district that,
in the preceding school year, had a wealth per student that exceeded
the equalized wealth level of that school year.
SECTION 2. This Act takes effect September 1, 2015.