Texas SB1129 provides a credit for school districts against recapture payments for optional residence homestead exemptions.
Texas SB1129 amends the Education Code to allow a credit for school districts against recapture payments for the cost of optional residence homestead exemptions. The credit reduces the amount a district must pay for attendance credit by the total dollar amount of residence homestead exemptions granted, minus any amounts received under Chapter 48 or reductions to the district's local revenue level. This Act takes effect September 1, 2025.
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