Relating to an exemption from ad valorem taxation of a portion of the appraised value of a property that is the primary residence of an adult who has an intellectual or developmental disability and is related to the owner of the property within a certain degree by consanguinity.
If enacted, this bill will have a direct impact on the financial responsibilities of families who have a member with an intellectual or developmental disability living at home. By granting an exemption from property taxes under specific conditions, it aims to provide financial relief and promote stability for these families. The bill also emphasizes the need for support for individuals with disabilities, highlighting the ongoing effort to create a more inclusive environment. It applies to tax years that commence on or after the effective date, set for January 1, 2024, pending voter approval of a related constitutional amendment.
SB2163 proposes an exemption from ad valorem taxation for a portion of the appraised value of a property that serves as the primary residence of an adult who has an intellectual or developmental disability, provided that the property owner is related to that adult within a certain degree of consanguinity. The bill amends the Tax Code by introducing Section 11.36, which outlines the criteria and conditions under which this tax exemption would apply. This measure specifically targets individuals with disabilities and their families, aiming to alleviate some of the financial burden associated with property taxes.
The sentiment surrounding SB2163 appears to be generally positive among advocates for individuals with disabilities and their families. Supporters appreciate the legislative move to provide targeted financial relief and acknowledge the broader implications of social responsibility towards vulnerable populations. However, there may be concerns about the long-term sustainability of such exemptions and their implications on state revenue, which could fuel discussions in future legislative sessions.
Some points of contention could arise over the criteria for eligibility, including the degree of relation required for the exemption and the interpretation of what constitutes a primary residence. While there may be broad support for assisting families in need, discussions around funding and potential impacts on local government revenues may surface, especially if the bill leads to a significant reduction in property tax income. The bill also mandates that its implementation is contingent upon the constitutional amendment's approval by voters, which adds another layer of complexity to its enactment.