Texas Education Code - Section 41.097. Credit For Appraisal Costs
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§ 41.097. CREDIT FOR APPRAISAL COSTS. (a) The total
amount required under Section 41.093 for a district to purchase
attendance credits under this subchapter for any school year is
reduced by an amount equal to the product of the district's costs
under Section 6.06, Tax Code, for the central appraisal district in
which it participates multiplied by a percentage that is computed
by dividing the total amount required under Section 41.093 by the
total amount of taxes imposed in the district for that year less any
amounts paid into a tax increment fund under Chapter 311, Tax Code.
(b) A school district is entitled to a reduction under
Subsection (a) beginning with the 1996-1997 school year. For that
school year, the reduction to which a district is entitled is the
sum of the amounts computed under Subsection (a) for the 1993-1994,
1994-1995, 1995-1996, and 1996-1997 school years. If that amount
exceeds the total amount required under Section 41.093 for the
1996-1997 school year, the difference is carried forward and the
total amount required under Section 41.093 is reduced each
subsequent school year until the total amount of the credit has been
applied to such reductions.
Added by Acts 1995, 74th Leg., ch. 260, § 1, eff. May 30, 1995.
Amended by Acts 1997, 75th Leg., ch. 1071, § 10, eff. Sept. 1,
1997.
Section: 41.065 41.091 41.092 41.093 41.094 41.095 41.096 41.097 41.098 41.099 41.121 41.122 41.123 41.124 41.125
Last modified: August 10, 2007
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