Texas 2019 - 86th Regular

Texas House Bill HB4593 Compare Versions

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

Old	New	Differences
1	1	86R11228 MEW-D
2	2	By: Meyer H.B. No. 4593
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to the equalized wealth level and the guaranteed yield
8	8	under the school finance system.
9	9	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	10	SECTION 1. Section 41.002(a), Education Code, is amended to
11	11	read as follows:
12	12	(a) A school district may not have a wealth per student that
13	13	exceeds:
14	14	(1) the wealth per student that generates the amount
15	15	of maintenance and operations tax revenue per weighted student
16	16	available to a district with maintenance and operations tax revenue
17	17	per cent of tax effort equal to the maximum amount provided per cent
18	18	under Section 42.101(a) or (b), for the district's maintenance and
19	19	operations tax effort equal to or less than the rate equal to the
20	20	sum of the product of the state compression percentage, as
21	21	determined under Section 42.2516, multiplied by the maintenance and
22	22	operations tax rate adopted by the district for the 2005 tax year
23	23	and any additional tax effort included in calculating the
24	24	district's compressed tax rate under Section 42.101(a-1);
25	25	(2) the wealth per student that generates the amount
26	26	of maintenance and operations tax revenue per weighted student
27	27	available to the Austin Independent School District, as determined
28	28	by the commissioner in cooperation with the Legislative Budget
29	29	Board, for the first eight [six] cents by which the district's
30	30	maintenance and operations tax rate exceeds the rate equal to the
31	31	sum of the product of the state compression percentage, as
32	32	determined under Section 42.2516, multiplied by the maintenance and
33	33	operations tax rate adopted by the district for the 2005 tax year
34	34	and any additional tax effort included in calculating the
35	35	district's compressed tax rate under Section 42.101(a-1), subject
36	36	to Section 41.093(b-1); or
37	37	(3) $319,500, for the district's maintenance and
38	38	operations tax effort that exceeds the amount of tax effort
39	39	described by Subdivision (2).
40	40	SECTION 2. Section 42.101(a-1), Education Code, is amended
41	41	to read as follows:
42	42	(a-1) Notwithstanding Subsection (a), for a school district
43	43	that adopted a maintenance and operations tax rate for the 2005 tax
44	44	year below the maximum rate permitted by law for that year, the
45	45	district's compressed tax rate ("DCR") includes the portion of the
46	46	district's current maintenance and operations tax rate in excess of
47	47	the first eight [six] cents above the district's compressed tax
48	48	rate, as defined by Subsection (a), until the district's compressed
49	49	tax rate computed in accordance with this subsection is equal to the
50	50	state maximum compressed tax rate ("MCR").
51	51	SECTION 3. Section 42.302(a-1), Education Code, is amended
52	52	to read as follows:
53	53	(a-1) For purposes of Subsection (a), the dollar amount
54	54	guaranteed level of state and local funds per weighted student per
55	55	cent of tax effort ("GL") for a school district is:
56	56	(1) the greater of the amount of district tax revenue
57	57	per weighted student per cent of tax effort that would be available
58	58	to the Austin Independent School District, as determined by the
59	59	commissioner in cooperation with the Legislative Budget Board, if
60	60	the reduction of the limitation on tax increases as provided by
61	61	Section 11.26(a-1), (a-2), or (a-3), Tax Code, did not apply, or the
62	62	amount of district tax revenue per weighted student per cent of tax
63	63	effort used for purposes of this subdivision in the preceding
64	64	school year, for the first eight [six] cents by which the district's
65	65	maintenance and operations tax rate exceeds the rate equal to the
66	66	sum of the product of the state compression percentage, as
67	67	determined under Section 42.2516, multiplied by the maintenance and
68	68	operations tax rate adopted by the district for the 2005 tax year
69	69	and any additional tax effort included in calculating the
70	70	district's compressed tax rate under Section 42.101(a-1); and
71	71	(2) $31.95, for the district's maintenance and
72	72	operations tax effort that exceeds the amount of tax effort
73	73	described by Subdivision (1).
74	74	SECTION 4. This Act takes effect September 1, 2019.