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TX HB3631
Bill
Status
5/16/2025
Primary Sponsor
Todd Hunter
Click for details
AI Summary
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Applies only to school districts located in first tier or second tier coastal counties as defined by the Insurance Code
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Allows qualifying school districts to reduce their required recapture ("Robin Hood") payments by the amount spent on windstorm and hail insurance in the preceding school year
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The windstorm and hail insurance credit is applied after any other reductions the district is entitled to under existing provisions of the school finance code
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Takes effect September 1, 2025
Legislative Description
Relating to a credit against required recapture payments for certain school districts for the cost of windstorm and hail insurance under the public school finance system.
Taxation
Last Action
Referred to Education K-16
5/19/2025