SB 756 - This act modifies the elementary and secondary education funding formula by adding an additional weight for gifted education. "Gifted Education Pupil Count" is defined as the number of students who qualify as "gifted" under section 162.675 and who are enrolled and have participated in a school district's gifted education program by June first for the immediately preceding academic year. In addition, a "gifted threshold" is added when calculating a district's weighted average daily attendance. The definition of "weighted average daily attendance" is modified by including in the calculation the product of .6 multiplied by the number of the district's gifted education pupil count that exceeds the gifted threshold beginning on July 1, 2015. This act adds gifted education pupil count to the current financial penalty that may be imposed on a district that inappropriately identifies students as eligible for free and reduced lunch, special education, or limited English proficiency. This act is identical to HB 1571 (2014) and is similar to SB 962 (2010) and SB 775 (2010) and a provision contained in SB 831 (2008). MICHAEL RUFF