SB 1129
AN ACT relating to a credit against required recapture payments for school
Senate Bill
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to Senate committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
relating to a credit against required recapture payments for school
Bill Text
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.
Bill History
filed
Bill filed: AN ACT relating to a credit against required recapture payments for school
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