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TX SB1129
Bill
Status
2/6/2025
Primary Sponsor
Mayes Middleton
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AI Summary
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School districts subject to recapture payments ("Robin Hood" system) would receive a credit equal to the total dollar amount of optional residence homestead exemptions they grant under Section 11.13(n) of the Tax Code
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The credit is reduced by any state funding the district receives under Chapter 48 attributable to Section 48.259, and by any reduction already made to the district's local revenue level for those exemptions
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This credit is applied after any other reductions the district is entitled to under existing recapture provisions
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The bill amends Subchapter D, Chapter 49 of the Education Code by adding new Section 49.1574
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Effective date: September 1, 2025
Legislative Description
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.
Property Interests
Last Action
Referred to Education K-16
2/24/2025