| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 89R4842 KJE-D | |
| 2 | 2 | By: Middleton S.B. No. 1129 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | A BILL TO BE ENTITLED | |
| 8 | 8 | AN ACT | |
| 9 | 9 | relating to a credit against required recapture payments for school | |
| 10 | 10 | districts for the cost of optional residence homestead exemptions | |
| 11 | 11 | under the public school finance system. | |
| 12 | 12 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 13 | 13 | SECTION 1. Subchapter D, Chapter 49, Education Code, is | |
| 14 | 14 | amended by adding Section 49.1574 to read as follows: | |
| 15 | 15 | Sec. 49.1574. CREDIT FOR OPTIONAL HOMESTEAD EXEMPTION. (a) | |
| 16 | 16 | The total amount required under Section 49.153 for a school | |
| 17 | 17 | district to purchase attendance credit under this subchapter for | |
| 18 | 18 | any school year is reduced by an amount equal to the total dollar | |
| 19 | 19 | amount of residence homestead exemptions the district grants under | |
| 20 | 20 | Section 11.13(n), Tax Code, for that school year, less any amount: | |
| 21 | 21 | (1) the district receives under Chapter 48 that is | |
| 22 | 22 | attributable to Section 48.259; or | |
| 23 | 23 | (2) by which the district's local revenue level is | |
| 24 | 24 | reduced to account for those exemptions. | |
| 25 | 25 | (b) A reduction under Subsection (a) shall be made after | |
| 26 | 26 | making any reduction to which the district is entitled under | |
| 27 | 27 | Section 49.157 or another provision of this chapter. | |
| 28 | 28 | SECTION 2. This Act takes effect September 1, 2025. |