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