Relating to the provision of state aid to certain local governments disproportionately affected by the granting of ad valorem tax relief to disabled veterans.
Impact
By providing financial aid to local governments that face revenue losses due to the exemption of property taxes for disabled veterans, HB3295 aims to mitigate the negative fiscal impact on these municipalities and counties. This initiative is particularly significant for regions adjacent to military installations, where the proportion of veterans may be higher. The bill promotes a fairer distribution of responsibilities regarding tax policies, assisting local governments in maintaining essential services despite reduced revenue.
Summary
House Bill 3295 addresses the provision of state aid to local governments that are disproportionately affected by ad valorem tax relief granted to disabled veterans. The bill aims to amend Chapter 140 of the Local Government Code by introducing a new section that defines 'affected local governments'—those municipalities and counties losing significant property tax revenue due to veterans' tax exemptions. The state will provide assistance payments to these affected local governments to help offset their losses, ensuring the financial burden of the tax relief is shared equitably across communities in Texas.
Contention
While proponents of HB3295 argue that it is a necessary measure to support communities struggling with income reductions caused by tax exemptions for disabled veterans, there may be concerns regarding the sustainability of state funding. The bill's critics might question the long-term viability of such relief provisions, particularly in times of budget constraint. There could also be apprehension among non-affected local governments feeling ignored in the allocation of state resources, potentially creating dissent over perceived inequities in financial support.
Identical
Relating to the provision of state aid to certain local governments disproportionately affected by the granting of ad valorem tax relief to disabled veterans.
Relating to the applicability of the law governing the provision of state aid to certain local governments disproportionately affected by the granting of ad valorem tax relief to disabled veterans.
Relating to the applicability of the law governing the provision of state aid to certain local governments disproportionately affected by the granting of ad valorem tax relief to disabled veterans.
Relating to the provision of state aid to certain local governments to offset the cost of the exemption from ad valorem taxation of the residence homestead of a 100 percent or totally disabled veteran.
Relating to the elimination of certain property taxes for school district maintenance and operations and the provision of public education funding by increasing the rates of certain state taxes.
Relating to a reduction in the maximum compressed tax rate of a school district and additional state aid for certain school districts impacted by compression, an increase in the amount of certain exemptions from ad valorem taxation by a school district applicable to residence homesteads, 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 amounts, and the protection of school districts against the resulting loss in local revenue.
Relating to a limitation on increases in the appraised value for ad valorem tax purposes of the residence homesteads of military veterans, individuals who are disabled or 65 years of age or older, and their surviving spouses.
Relating to an exemption from ad valorem taxation by certain taxing units of a portion of the appraised value of the residence homestead of the parent or guardian of a person who is disabled and who resides with the parent or guardian.
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.
Relating to the repeal of or limitations on certain state and local taxes, including school district maintenance and operations ad valorem taxes, the enactment of state and local value added taxes, and related school finance reform; imposing taxes.
Relating to the repeal of or limitations on certain state and local taxes, including school district maintenance and operations ad valorem taxes, the enactment of state and local value added taxes, and related school finance reform; imposing taxes.