Texas Education Code - Section 42.2511. Additional State Aid For Homestead Exemption
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§ 42.2511. ADDITIONAL STATE AID FOR HOMESTEAD
EXEMPTION. (a) Notwithstanding any other provision of this
chapter, a school district is entitled to additional state aid to
the extent that state aid under this chapter based on the
determination of the school district's taxable value of property as
provided under Subchapter M, Chapter 403, Government Code, does not
fully compensate the district for ad valorem tax revenue lost due to
the increase in the homestead exemption under Section 1-b(c),
Article VIII, Texas Constitution, as proposed by H.J.R. No. 4, 75th
Legislature, Regular Session, 1997, and the additional limitation
on tax increases under Section 1-b(d), Article VIII, Texas
Constitution, as proposed by H.J.R. No. 4, 75th Legislature,
Regular Session, 1997.
(b) The commissioner, using information provided by the
comptroller, shall compute the amount of additional state aid to
which a district is entitled under this section. A determination by
the commissioner under this section is final and may not be
appealed.
Added by Acts 1997, 75th Leg., ch. 592, § 1.03, eff. Sept. 1,
1997. Amended by Acts 1999, 76th Leg., ch. 396, § 1.16, eff.
Sept. 1, 1999.
Section: 42.153 42.154 42.155 42.156 42.157 42.158 42.251 42.2511 42.2512 42.2513 42.2514 42.2515 42.2516 42.2517
Last modified: August 10, 2007
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