Proposing a constitutional amendment to authorize the legislature to exempt from ad valorem taxation a portion of the appraised value of certain land that is located in a priority groundwater management area and is not irrigated.
Impact
If passed, this amendment would impact state laws related to property taxation and local government revenue. The modification of Article VIII of the Texas Constitution would empower the Legislature to delineate eligibility criteria and define what constitutes a 'priority groundwater management area.' This change could lead to reduced tax burdens for landowners in designated regions, potentially stimulating land conservation and responsible agricultural practices. Additionally, local governments might face challenges in maintaining their tax revenue base, which could lead to adjustments in fiscal policies or budget allocations.
Summary
HJR168 proposes a constitutional amendment to allow the Texas Legislature to exempt up to 35 percent of the appraised value of certain un-irrigated land located in priority groundwater management areas from ad valorem taxation. This bill is intended to provide relief to landowners in these areas while encouraging better groundwater management practices. By enabling this tax exemption, the amendment seeks to incentivize conservation efforts and sustainable land use, particularly in regions where water resources are critical for agricultural production and ecosystem health.
Contention
Discussions around HJR168 may center on concerns regarding the implications of tax exemptions on local funding and the effectiveness of prioritizing groundwater management. Opponents may argue that while the intent is to promote conservation, such exemptions could weaken the financial resources available for schools and public services in affected areas. Proponents, however, might emphasize the necessity of preserving groundwater resources for future generations and the importance of incentivizing sustainable practices among landowners to protect these vital resources.
Enabled by
Relating to an exemption from ad valorem taxation of a portion of the appraised value of certain land that is located in a priority groundwater management area and is not irrigated.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation a mineral interest that has a value of less than a certain amount.
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value for ad valorem tax purposes and exempt from ad valorem taxation a portion of the market value of rental real property that primarily serves as the residence of the occupants of the property.
Proposing a constitutional amendment to authorize the legislature to exempt from ad valorem taxation a portion of the market value of tangible personal property a person owns that is held or used for the production of income.
Proposing a constitutional amendment authorizing the legislature to permit the owner of a parcel of real property that is located in more than one county to elect to have the property appraised for ad valorem taxation by the appraising entity for one of those counties.
Proposing a constitutional amendment authorizing the commissioners court of a county to adopt an exemption from ad valorem taxation by the county of a portion, expressed as a dollar amount, of the appraised value of an individual's residence homestead.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation income-producing tangible personal property having a value of less than a certain amount.
Proposing a constitutional amendment to authorize the legislature to exempt from ad valorem taxation a portion of the market value of tangible personal property a person owns that is held or used for the production of income.
Proposing a constitutional amendment to authorize the legislature to provide for limitations on the appraised value of certain real property in specified areas for ad valorem tax purposes.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation income-producing tangible personal property having a value of less than a certain amount.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.