TX
Texas House Bill HB106

Texas 2021 - 87th 3rd C.S.

Texas House Bill HB106

Caption

Relating to a one-time payment for certain homeowners; making an appropriation.

Impact

The financial provision established by HB 106 would entail an appropriation of approximately $7.9 billion aimed at homeowners. This funding is designated to distribute a per household payment calculated on a pro-rata basis, depending on the total number of eligible homeowners. By using the funds from federal sources, the bill seeks to address the immediate financial burdens faced by homeowners affected by economic downturns, with the anticipation that such payments will provide much-needed support for property tax obligations and other essential costs.

Summary

House Bill 106 aims to provide financial relief to homeowners through a one-time payment for those who have an eligible residence homestead. This bill is particularly directed towards homeowners who qualified for tax exemption in the 2021 tax year, implying a focus on property tax relief during a challenging economic climate. The legislation intends to utilize federal funds allocated for state recovery efforts, specifically from the Coronavirus State and Local Fiscal Recovery Funds established under the American Rescue Plan Act, highlighting its goal of aiding recovery from the pandemic's economic impacts.

Contention

Although the bill is aimed at providing assistance, it may face scrutiny regarding the prioritization of funds and the specific mechanics of administering the payments. Contention could arise around the eligibility criteria for homeowners, the distribution process, and any potential delays in payment processing. Moreover, some stakeholders may argue whether the funds would be better utilized in broader community support initiatives rather than solely focusing on individual homeowners. The expiration of the act, planned for December 31, 2022, could also lead to discussions on the ongoing needs for such financial assistance.

Concluding_notes

If passed, HB 106 would enhance state regulations regarding financial assistance to homeowners while reflecting state responsiveness in times of economic distress. The effectiveness of this bill in alleviating financial pressures for homeowners will depend on execution, timeliness of payments, and the overall economic recovery trajectory following the pandemic.

Companion Bills

No companion bills found.

Previously Filed As

TX SB30

Relating to supplemental appropriations and reductions in appropriations and giving direction and adjustment authority regarding appropriations.

TX HJR14

Proposing a constitutional amendment to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, to establish the property tax relief to rental households fund and authorize the legislature to provide payments to rental households from that fund based on a proportion of rent paid, and to except certain appropriations to pay for school district ad valorem tax relief and property tax relief payments to rental households from the constitutional limitation on the rate of growth of appropriations.

TX HB4041

Relating to directing payment, after approval, of certain miscellaneous claims and judgments against the state out of funds designated by this Act; making appropriations.

TX HB500

Relating to supplemental appropriations and reductions in appropriations and giving direction and adjustment authority regarding appropriations.

TX SJR1

Proposing a constitutional amendment to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, to provide supplemental payments to full-time classroom teachers in school districts, and to except certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

TX HB5301

Relating to a one-time cash payment to certain residents of this state.

TX SB2607

Relating to the use of tax collections in determining certain state and local responsibilities for school funding.

TX HB177

Relating to a bonus payment for certain public school employees and to the public school finance system.

TX HB90

Relating to a bonus payment for certain public school employees and to the public school finance system.

TX SB1507

Relating to directing payment, after approval, of certain miscellaneous claims and judgments against the state out of funds designated by this Act; making appropriations.

Similar Bills

NJ S1309

Requires direct payment of homestead credit to claimant following sale of qualifying homestead and upon claimant request.

NJ S2037

Requires direct payment of homestead credit to claimant following sale of qualifying homestead and upon claimant request.

CA AB1885

Debtor exemptions: homestead exemption.

NJ A5089

Prohibits homestead property tax rebates and credits and ANCHOR property tax benefits from being paid to property owners who move out of State.

FL H1105

Rescinding a Homestead Exemption Application

NJ A254

Permits eligible claimant who is proportionate owner paying entire property tax bill to collect entire homestead property tax reimbursement amount.

NJ A975

Permits eligible claimant who is proportionate owner paying entire property tax bill to collect entire homestead property tax reimbursement amount.

CA SB832

Debtor exemptions: homestead exemption.