Texas 2017 - 85th Regular

Texas Senate Bill SB1810 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	85R4479 SMH/CAE-D
2	2	By: Taylor of Collin S.B. No. 1810
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to a limitation on the cost of an attendance credit under
8	8	the public school finance system and the effect of such a limitation
9	9	on the calculation of the rollback tax rate of a school district.
10	10	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
11	11	SECTION 1. Section 41.093, Education Code, is amended by
12	12	amending Subsection (a) and adding Subsection (b-2) to read as
13	13	follows:
14	14	(a) Subject to Subsections [Subsection] (b-1) and (b-2),
15	15	the cost of each credit is an amount equal to the greater of:
16	16	(1) the amount of the district's maintenance and
17	17	operations tax revenue per student in weighted average daily
18	18	attendance for the school year for which the contract is executed;
19	19	or
20	20	(2) the amount of the statewide district average of
21	21	maintenance and operations tax revenue per student in weighted
22	22	average daily attendance for the school year preceding the school
23	23	year for which the contract is executed.
24	24	(b-2) The total amount required under this section for a
25	25	school district to purchase attendance credits necessary to reduce
26	26	the district's wealth per student to the equalized wealth level may
27	27	not exceed the total amount required to purchase necessary
28	28	attendance credits during the preceding school year by a percentage
29	29	that is greater than the percentage calculated for the district and
30	30	reported to the commissioner under Section 26.04(e-2), Tax Code,
31	31	for the current tax year. The commissioner shall compute the
32	32	difference between the amount the district would otherwise be
33	33	required to pay under this subchapter for attendance credits
34	34	necessary to reduce the district's wealth per student to the
35	35	equalized wealth level and the amount the district is required to
36	36	pay as limited by this subsection and certify that amount to the
37	37	board of trustees of the district and the officer or employee
38	38	designated by the board of trustees of the district to calculate the
39	39	rollback tax rate of the district.
40	40	SECTION 2. Section 26.04, Tax Code, is amended by adding
41	41	Subsection (e-2) to read as follows:
42	42	(e-2) This subsection applies only to a school district with
43	43	a wealth per student that exceeds the equalized wealth level, as
44	44	determined by the commissioner of education under Chapter 41,
45	45	Education Code. An officer or employee designated by the governing
46	46	body of the school district shall calculate the positive percentage
47	47	difference, if any, between the rollback tax rate of the school
48	48	district and the tax rate adopted by the school district for the
49	49	preceding tax year. For purposes of this subsection, the officer or
50	50	employee shall calculate the rollback tax rate of the school
51	51	district in accordance with Subsection (c)(2) of this section
52	52	instead of Section 26.08, except that the officer or employee shall
53	53	calculate the effective maintenance and operations rate of the
54	54	school district in accordance with the provisions of Section
55	55	26.08(i) governing the effective maintenance and operations tax
56	56	rate of a school district instead of the definition of the effective
57	57	maintenance and operations rate of a taxing unit as defined by
58	58	Section 26.012. By August 7 or as soon thereafter as practicable,
59	59	the officer or employee shall submit the percentage calculated
60	60	under this subsection to the governing body of the school district
61	61	and the commissioner of education.
62	62	SECTION 3. Section 26.08, Tax Code, is amended by adding
63	63	Subsection (q) to read as follows:
64	64	(q) This subsection applies only to a school district to
65	65	which Section 26.04(e-2) applies. The rollback tax rate of a school
66	66	district as otherwise calculated under this section is reduced by
67	67	the rate that, if applied to the total taxable value of property in
68	68	the school district, would generate the amount of revenue certified
69	69	under Section 41.093(b-2), Education Code, to the governing body of
70	70	the school district and the officer or employee designated by the
71	71	governing body of the school district to calculate the rollback tax
72	72	rate of the school district.
73	73	SECTION 4. (a) Section 41.093, Education Code, as amended
74	74	by this Act, applies only to the cost of an attendance credit for a
75	75	school year beginning in a tax year that begins on or after the
76	76	effective date of this Act.
77	77	(b) Sections 26.04 and 26.08, Tax Code, as amended by this
78	78	Act, apply only to the calculation of the rollback tax rate of a
79	79	school district for a tax year beginning on or after the effective
80	80	date of this Act.
81	81	SECTION 5. This Act takes effect January 1, 2018.