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TX SB2644
Bill
Status
3/13/2025
Primary Sponsor
Mayes Middleton
Click for details
AI Summary
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Changes how optional homestead exemptions under Tax Code Section 11.13(n) are calculated for school finance purposes, requiring the full dollar amount to be deducted from taxable value instead of only one-half
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Repeals Education Code Section 48.259, which currently governs certain aspects of school funding calculations related to optional homestead exemptions
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Removes Section 48.259 from the list of provisions that can use excess foundation school program funds, giving priority instead to grants under Section 7.062
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Applies to school district property value studies conducted for tax years beginning on or after January 1, 2026
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Takes effect September 1, 2025
Legislative Description
Relating to the provision of funding under the public school finance system on the basis of property values that take into account optional homestead exemptions.
Property Interests
Last Action
Referred to Education K-16
4/3/2025