Texas 2023 - 88th Regular

Texas House Bill HJR122

Voted on by House
 
Out of Senate Committee
 
Voted on by Senate
 
Sent toSOS
 
Proposed Const. Amend.
 

Caption

Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and 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 the exemption amount.

Impact

If passed, HJR122 would impact Texas state tax law by effectively reducing the financial burden of property taxes on homeowners, particularly benefiting the elderly and disabled who often face fixed or diminishing incomes. The proposed increase in exemptions is expected to decrease the tax revenues collected by school districts, prompting the legislature to develop mechanisms to mitigate any revenue loss these districts may experience due to the changes. This could lead to adjustments in state funding formulas or potential shifts in how educational services are financed.

Summary

HJR122 is a joint resolution proposing a constitutional amendment intended to enhance financial relief for residence homestead owners by increasing the exemption from ad valorem taxation imposed by school districts. Specifically, it seeks to raise the exemption amount significantly, from $40,000 to $65,000 for all residence homesteads and to adjust the limitations on property taxes for the elderly or disabled to reflect this new exemption amount. Furthermore, the amendment aims to provide clearer definitions and guidelines regarding applicability and eligibility for these tax exemptions.

Sentiment

The sentiment surrounding HJR122 leans towards positive among supporters, including many legislators and advocacy groups promoting tax relief. Proponents argue that the increased exemption will provide essential financial support to low-income homeowners and those with disabilities. However, there are concerns expressed by opponents regarding the long-term implications for school funding. Critics argue that significant reductions in tax revenue could impair the quality of education if not adequately compensated by state funds, leading to a contentious debate over the balancing of tax relief against educational investment.

Contention

Key points of contention revolve around the sustainability of funding for public education. While support for the bill is robust, particularly among those advocating for relief for vulnerable populations, there are significant worries from various stakeholders, including school districts and educational advocates. The debate highlights a fundamental conflict between tax relief initiatives and maintaining educational quality and equity across districts, leading to a complex discussion on the best ways to support both homeowners in need and the educational system.

Companion Bills

TX HB2656

Enabled by Relating to an increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district, an adjustment in 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 the exemption amount, and the protection of school districts against the resulting loss in local revenue.

TX HB2656

Enabled by Relating to an increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district, an adjustment in 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 the exemption amount, and the protection of school districts against the resulting loss in local revenue.

Similar Bills

TX HB862

Relating to the transfer of the limitation on school district, county, municipal, or junior college district ad valorem taxes on the residence homestead of a person who is elderly or disabled to a subsequent homestead of that person.

TX SJR6

Proposing a constitutional amendment relating to the calculation of a limitation on the total amount of ad valorem taxes that may be imposed by certain political subdivisions on the residence homestead of a person who is elderly or disabled.

TX HJR83

Proposing a constitutional amendment to phase out ad valorem taxes on the residence homesteads of elderly persons by 2021.

TX SB32

Relating to the calculation of a limitation on the total amount of ad valorem taxes that may be imposed by certain taxing units on the residence homestead of an individual who is elderly or disabled.

TX SB24

Relating to the calculation of a limitation on the total amount of ad valorem taxes that may be imposed by certain taxing units on the residence homestead of an individual who is elderly or disabled.

TX HJR14

Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to reduce the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount.

TX SJR13

Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to reduce the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount.

TX HJR139

Proposing a constitutional amendment to revise the ad valorem tax limitations on residence homesteads of elderly and disabled persons and their surviving spouses to take into account certain residence homestead exemptions.