TITLE: Relating to computation of state aid for a school district required to maintain an optional homestead exemption.

SUMMARY: Relating to computation of state aid for a school district required to maintain an optional homestead exemption.

FULL TEXT:
AN ACT relating to computation of state aid for a school district required to maintain an optional homestead exemption. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 42.2522, Education Code, is amended by adding Subsection (f) to read as follows: (f) Subsection (a) does not apply to a school district that is prohibited by Section 11.13(n-1), Tax Code, from reducing the amount of or repealing an exemption adopted under Section 11.13(n), Tax Code, and the commissioner shall provide funding under this chapter based on the district's taxable value of property computed in accordance with Section 403.302(d)(2), Government Code. This subsection expires December 31, 2019. SECTION 2. This Act takes effect September 1, 2017.