Relating to the limitation on the amount of supplemental payments that a person may agree to provide to a school district or any other entity on behalf of a school district under the Texas Economic Development Act.
Impact
The implications of this bill are significant for school districts relying on supplemental payments as part of their funding structures. By placing strict limits on the amounts that can be agreed upon, SB913 may constrain the financial flexibility of districts, particularly those that benefit from larger contributions by businesses or industry partners under previous agreements. Consequently, this could lead to variations in how districts manage their budgets and prioritize funding for educational programs and resources.
Summary
SB913 is a legislative bill aimed at amending the Texas Tax Code concerning the limitations on supplemental payments that an individual or entity may provide to a school district under the Texas Economic Development Act. Specifically, it seeks to establish a cap on the supplemental payments based on a formula tied to student attendance, setting it at either $100 per student per year or a flat amount of $75,000 per year, whichever is greater. This change is intended to ensure that the financial contributions made to school districts are both manageable and equitable across the state’s school systems.
Contention
Notable points of contention surrounding SB913 revolve around the balance between encouraging economic development and maintaining sufficient support for educational needs. Advocates of the bill argue that by capping these payments, the legislation promotes fairness by preventing disproportionate funding that can favor certain districts over others. Critics, however, may raise concerns that such limitations could deter businesses from investing in local education systems or diminish the potential for community-specific partnerships that enhance educational opportunities for students. The potential trade-offs between growth incentives and educational adequacy are central themes in the discussions regarding this bill.
Identical
Relating to the limitation on the amount of supplemental payments that a person may agree to provide to a school district or any other entity on behalf of a school district under the Texas Economic Development Act.
Relating to a limitation on the total amount of ad valorem taxes that a school district may impose on certain residence homesteads following a substantial school tax increase.
Relating to the authority of a taxing unit other than a school district to establish a limitation on the amount of ad valorem taxes that the taxing unit may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the authority of a taxing unit other than a school district to establish a limitation on the amount of ad valorem taxes that the taxing unit may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the authority of a taxing unit other than a school district, county, municipality, or junior college district to establish a limitation on the amount of ad valorem taxes that the taxing unit may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses and to the information required to be included in a tax bill.
Proposing a constitutional amendment to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, to provide supplemental payments to full-time classroom teachers in school districts, and to except certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.
Relating to limitations on the use of public money under certain economic development agreements or programs adopted by certain political subdivisions.
Relating to limitations on the use of public money under certain economic development agreements or programs adopted by certain political subdivisions.
Relating to the limitation on the total amount of ad valorem taxes that a school district may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for at least 20 consecutive tax years.
Relating to a reduction in the maximum compressed tax rate of a school district and additional state aid for certain school districts impacted by compression, an increase in the amount of certain exemptions from ad valorem taxation by a school district applicable to residence homesteads, an adjustment in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in the exemption amounts, and the protection of school districts against the resulting loss in local revenue.