| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | By: Hinojosa H.B. No. 3672 | |
| 2 | 2 | ||
| 3 | 3 | ||
| 4 | 4 | A BILL TO BE ENTITLED | |
| 5 | 5 | AN ACT | |
| 6 | 6 | relating to adjustment for districts required to participate in | |
| 7 | 7 | social security | |
| 8 | 8 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 9 | 9 | SECTION 1. Subchapter E, Chapter | |
| 10 | 10 | 42, Education Code, is | |
| 11 | 11 | amended by adding Section 42.2529 to read as follows: | |
| 12 | 12 | Sec. 42.2529. For purposes of Chapters 41, 46, and this | |
| 13 | 13 | chapter, a school district that is required to provide social | |
| 14 | 14 | security coverage, as defined by Section 606.001, Government Code, | |
| 15 | 15 | for district employees before January 1, 2017, shall have its | |
| 16 | 16 | taxable wealth reduced by the percentage of the district's | |
| 17 | 17 | contribution to social security. |