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 stipulates that the total amount a school district is required to pay for attendance credit will be reduced by the total dollar amount of residence homestead exemptions granted by the district for that school year. This reduction will account for any amounts received under Chapter 48 that are attributable to Section 48.259, as well as any reductions in the district's local revenue level due to those exemptions.

Additionally, the bill clarifies that this reduction will occur after any other reductions the district is entitled to under Section 49.157 or other provisions of the chapter. The effective date for this legislation is set for September 1, 2025.

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