86R5937 MEW-D
By: Hinojosa H.B. No. 2225
A BILL TO BE ENTITLED
AN ACT
relating to the cost of attendance credits to achieve the equalized
wealth level for school districts that provide social security
coverage for employees.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 41.093(b), Education Code, is amended to
read as follows:
(b) For purposes of this section, a school district's
maintenance and operations tax revenue does not include:
(1) any amounts paid into a tax increment fund under
Chapter 311, Tax Code; or
(2) for a district that provided social security
coverage, as defined by Section 606.001, Government Code, for the
district's employees before January 1, 2019, an amount of tax
revenue equal to the district's cost of paying contributions made
on behalf of employees in a class of employees covered under the
social security program before that date.
SECTION 2. This Act takes effect September 1, 2019.