The bill, S.B. No. 1129, proposes an amendment to the Education Code by adding Section 49.1574, which introduces a credit for school districts against required recapture payments related to the cost of optional residence homestead exemptions. Specifically, it allows for a reduction in the total amount a school district must pay to purchase attendance credit based on the total dollar amount of residence homestead exemptions granted by the district. This reduction is calculated after accounting for any funds received under Chapter 48 that are attributable to specific provisions, as well as any adjustments made to the district's local revenue level due to those exemptions.

The bill aims to provide financial relief to school districts by recognizing the impact of optional homestead exemptions on their funding obligations. The proposed changes will take effect on September 1, 2025, allowing districts to benefit from this credit in future fiscal planning.

Statutes affected:
Introduced: ()