Text of section effective until approval by the voters of H.J.R. 2, 88th Leg., 2nd C.S.

Sec. 48.2543.  ADDITIONAL STATE AID FOR HOMESTEAD EXEMPTION.  (a)  Beginning with the 2022-2023 school year, a school district is entitled to additional state aid to the extent that state and local revenue under this chapter and Chapter 49 is less than the state and local revenue that would have been available to the district under this chapter and Chapter 49 as those chapters existed on September 1, 2021, if any increase in the residence homestead exemption under Section 1-b(c), Article VIII, Texas Constitution, as proposed by the 87th Legislature, 3rd Called Session, 2021, had not occurred.
(b)  The lesser of the school district's currently adopted maintenance and operations tax rate or the adopted maintenance and operations tax rate for the 2021 tax year is used for the purpose of determining additional state aid under Subsection (a).
Added by Acts 2021, 87th Leg., 3rd C.S., Ch. 4 (S.B. 1), Sec. 3, eff. May 7, 2022.
Amended by: 
Acts 2023, 88th Leg., 2nd C.S., Ch. 1 (S.B. 2), Sec. 3.06.

Added by Acts 2021, 87th Leg., 3rd C.S., Ch. 4 (S.B. 1), Sec. 3, eff. May 7, 2022.
Amended by: 
Acts 2023, 88th Leg., 2nd C.S., Ch. 1 (S.B. 2), Sec. 3.06.