85R11926 KKA-D
By: González of El Paso H.B. No. 2706
A BILL TO BE ENTITLED
AN ACT
relating to an adjustment under the public school finance system
for optional homestead exemptions.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Sections 42.2522(a) and (d), Education Code, are
amended to read as follows:
(a) In any school year, the commissioner may not provide
funding under this chapter or Chapter 46 or make determinations
regarding action required under Chapter 41 based on a school
district's taxable value of property computed in accordance with
Section 403.302(d)(2), Government Code, unless:
(1) funds are specifically appropriated for purposes
of this section; or
(2) the commissioner determines that the total amount
of state funds appropriated for purposes of the Foundation School
Program for the school year exceeds the amount of state funds
distributed to school districts in accordance with Section 42.253
based on the taxable values of property in school districts
computed in accordance with Section 403.302(d), Government Code,
without any deduction for residence homestead exemptions granted
under Section 11.13(n), Tax Code.
(d) If the commissioner determines that the amount of funds
available under Subsection (a)(1) or (2) does not at least equal the
total amount of state funding to which districts would be entitled
if state funding under this chapter and Chapter 46 and action
required to be taken under Chapter 41 were based on the taxable
values of property in school districts computed in accordance with
Section 403.302(d)(2), Government Code, the commissioner may, to
the extent necessary, provide state funding and require action
under Chapter 41 based on a uniform lesser fraction of the deduction
under Section 403.302(d)(2), Government Code.
SECTION 2. This Act takes effect September 1, 2017.