85S10499 KKA-F
By: Hinojosa H.B. No. 62
A BILL TO BE ENTITLED
AN ACT
relating to an adjustment under the foundation school program of
the taxable value of property for school districts required to
provide social security coverage for district employees.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter E, Chapter 42, Education Code, is
amended by adding Section 42.2529 to read as follows:
Sec. 42.2529. ADJUSTMENT FOR DISTRICT PROVIDING SOCIAL
SECURITY COVERAGE. (a) For purposes of Chapters 41 and 46 and this
chapter, the commissioner shall reduce the taxable value of
property of a school district that provided social security
coverage, as defined by Section 606.001, Government Code, for
district employees before January 1, 2017, by a percentage of value
equal to the percentage of the district's required contribution for
social security coverage.
(b) An action of the commissioner under this section is
final and may not be appealed.
SECTION 2. This Act takes effect September 1, 2017, if it
receives a vote of two-thirds of all the members elected to each
house, as provided by Section 39, Article III, Texas Constitution.
If this Act does not receive that vote, this Act takes effect on the
91st day after the last day of the legislative session.