| 1 | 1 | | 86R5902 MEW-F |
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| 2 | 2 | | By: Hinojosa H.B. No. 2208 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to an adjustment under the foundation school program of |
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| 8 | 8 | | the taxable value of property for school districts required to |
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| 9 | 9 | | provide social security coverage for district employees. |
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| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 11 | | SECTION 1. Subchapter E, Chapter 42, Education Code, is |
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| 12 | 12 | | amended by adding Section 42.2529 to read as follows: |
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| 13 | 13 | | Sec. 42.2529. ADJUSTMENT FOR DISTRICT PROVIDING SOCIAL |
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| 14 | 14 | | SECURITY COVERAGE. (a) For purposes of Chapters 41 and 46 and this |
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| 15 | 15 | | chapter, the commissioner shall reduce the taxable value of |
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| 16 | 16 | | property of a school district that provided social security |
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| 17 | 17 | | coverage, as defined by Section 606.001, Government Code, for |
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| 18 | 18 | | district employees before January 1, 2019, by a percentage of value |
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| 19 | 19 | | equal to the percentage of the district's required contribution for |
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| 20 | 20 | | social security coverage. |
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| 21 | 21 | | (b) An action of the commissioner under this section is |
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| 22 | 22 | | final and may not be appealed. |
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| 23 | 23 | | SECTION 2. This Act takes effect immediately if it receives |
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| 24 | 24 | | a vote of two-thirds of all the members elected to each house, as |
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| 25 | 25 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 26 | 26 | | Act does not receive the vote necessary for immediate effect, this |
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| 27 | 27 | | Act takes effect September 1, 2019. |
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