| 1 | 1 | | 88R6741 MM-D |
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| 2 | 2 | | By: Plesa H.B. No. 2377 |
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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 the components of a school district's enrichment tax |
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| 8 | 8 | | rate and the calculation of the guaranteed yield under the |
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| 9 | 9 | | Foundation School Program. |
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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. Section 45.0032(b), Education Code, is amended |
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| 12 | 12 | | to read as follows: |
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| 13 | 13 | | (b) A district's enrichment tax rate consists of: |
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| 14 | 14 | | (1) any cents of additional maintenance and operations |
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| 15 | 15 | | tax effort, not to exceed 10 [eight] cents over the maximum tax rate |
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| 16 | 16 | | described by Subsection (a); and |
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| 17 | 17 | | (2) any cents of additional maintenance and operations |
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| 18 | 18 | | tax effort that exceeds the sum of the maximum tax rate described by |
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| 19 | 19 | | Subsection (a) and the maximum number of cents permitted under |
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| 20 | 20 | | Subdivision (1). |
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| 21 | 21 | | SECTION 2. Section 48.202(a-1), Education Code, is amended |
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| 22 | 22 | | to read as follows: |
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| 23 | 23 | | (a-1) For purposes of Subsection (a), the dollar amount |
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| 24 | 24 | | guaranteed level of state and local funds per weighted student per |
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| 25 | 25 | | cent of tax effort ("GL") for a school district is: |
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| 26 | 26 | | (1) the greater of the amount of district tax revenue |
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| 27 | 27 | | per weighted student per cent of tax effort available to a school |
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| 28 | 28 | | district at the 96th percentile of wealth per weighted student or |
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| 29 | 29 | | the amount that results from multiplying 6,160, or the greater |
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| 30 | 30 | | amount provided under Section 48.051(b), if applicable, by 0.016, |
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| 31 | 31 | | for the first 10 [eight] cents by which the district's maintenance |
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| 32 | 32 | | and operations tax rate exceeds the district's tier one tax rate; |
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| 33 | 33 | | and |
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| 34 | 34 | | (2) subject to Subsection (f), the amount that results |
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| 35 | 35 | | from multiplying $6,160, or the greater amount provided under |
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| 36 | 36 | | Section 48.051(b), if applicable, by 0.008, for the district's |
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| 37 | 37 | | maintenance and operations tax effort that exceeds the amount of |
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| 38 | 38 | | tax effort described by Subdivision (1). |
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| 39 | 39 | | SECTION 3. This Act takes effect September 1, 2023. |
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