Relating to a local option exemption from ad valorem taxation of the portion of the appraised value of a person's property that is attributable to the installation on the property of a rainwater harvesting system.
Impact
The bill's passage is expected to have a beneficial impact on state laws that govern property taxes, as it would allow local governments the discretion to exempt portions of property value based on environmental enhancements rather than adhering to a strict tax framework imposed by the state. This flexibility is anticipated to enhance local efforts surrounding sustainable practices and promote increased adoption of rainwater collection among residents.
Summary
House Bill 1193 proposes a local option exemption from ad valorem taxation for the appraised value of property specifically attributable to the installation of rainwater harvesting systems. This initiative aims to encourage property owners to adopt sustainable practices by reducing their tax liability related to environmental improvements. By implementing such exemptions, the bill promotes water conservation methods and seeks to alleviate some financial barriers for individuals and businesses considering the installation of these systems.
Contention
While supporters may argue that the bill fosters an eco-friendly initiative and supports local autonomy, critics may raise concerns regarding the potential loss of tax revenue for local municipalities that could arise from these exemptions. The tension centers around the balance between incentivizing green practices and ensuring that local governments can maintain their financial stability. Discussions may revolve around how effectively such tax incentives can be implemented without undermining local budgets and resources.
Relating to the authority of a county commissioners court to adopt an exemption from ad valorem taxation by each taxing unit that taxes the property of the portion of the appraised value of a person's property that is attributable to the installation in or on the property of certain water conservation systems.
Relating to the authority of a county commissioners court to adopt an exemption from ad valorem taxation by each taxing unit that taxes the property of the portion of the appraised value of a person's property that is attributable to the installation in or on the property of certain water conservation systems.
Relating to the exemption from ad valorem taxation of certain assets used for agricultural production and to the authority of a county commissioners court to adopt an exemption from ad valorem taxation by each taxing unit that taxes the property of the portion of the appraised value of a person's property that is attributable to the installation in or on the property of certain water conservation systems.
Proposing a constitutional amendment to authorize the commissioners court of a county to exempt from ad valorem taxation by each political subdivision that taxes the property the portion of the assessed value of a person's property that is attributable to the installation in or on the property of a rainwater harvesting or graywater system.
Proposing a constitutional amendment to authorize the commissioners court of a county to exempt from ad valorem taxation by each political subdivision that taxes the property the portion of the assessed value of a person's property that is attributable to the installation in or on the property of a rainwater harvesting or graywater system.
Proposing a constitutional amendment to authorize the legislature to define certain terms for purposes of the exemption from ad valorem taxation of farm products in the hands of a producer and to authorize the commissioners court of a county to exempt from ad valorem taxation by each political subdivision that taxes the property the portion of the assessed value of a person's property that is attributable to the installation in or on the property of a rainwater harvesting or graywater system.
Relating to an exemption from ad valorem taxation of a portion of the appraised value of tangible personal property a person owns that is held or used for the production of income.
Relating to an exemption from ad valorem taxation of the amount of the appraised value of real property that arises from the installation in the property of certain energy efficiency-related improvements.
Relating to a local option exemption from ad valorem taxation by a county or municipality of all or part of the appraised value of real property used to operate a child-care facility.
Relating to a local option exemption from ad valorem taxation by a county or municipality of all or part of the appraised value of real property used to operate a child-care facility.