TX
Texas House Bill HB3983

Texas 2009 - 81st Regular

Texas House Bill HB3983

Filed
 
Out of House Committee
4/27/09  
Voted on by House
5/6/09  
Out of Senate Committee
5/21/09  
Bill Becomes Law
 
Enrolled
6/1/09  

Caption

Relating to the imposition of property taxes on the residential homesteads of low-income and moderate-income persons.

Impact

The legislation, if enacted, is expected to enhance the financial resources available for homestead preservation initiatives in Texas. It supports low- and moderate-income homeowners by facilitating the establishment of reinvestment zones that can utilize property tax increments. The constitutional provision for these reinvestment zones permits municipalities and counties to work collaboratively towards community development and revitalization efforts, potentially leading to improved housing conditions and increased investments in these areas.

Summary

House Bill 3983 seeks to amend the Local Government Code relating to certain homestead preservation reinvestment zones. It specifically focuses on the participation of counties in financing these zones by contributing to tax increment funds based on a formula related to municipal tax rates. The bill emphasizes that the governance of these reinvestment zones will involve both municipal and county authorities, establishing an equitable model for distributing tax increment contributions. This structure is aimed at fostering cooperation among local governing entities in managing and financing housing initiatives for low- and moderate-income persons.

Contention

Pent-up debates may arise around the proportionality of contributions mandated for counties relative to municipalities, particularly concerning the financial burdens placed on different local government entities. Some critics may argue that the bill could disproportionately favor municipalities, allowing them to dictate the extent of county involvement and financing for the reinvestment zones. The discussion on governing board composition may also raise questions about equitable representation for various stakeholders in the housing sector, particularly those representing low-income communities.

Companion Bills

No companion bills found.

Previously Filed As

TX SB2

Relating to providing property tax relief through the public school finance system, exemptions, limitations on appraisals and taxes, and property tax administration; authorizing the imposition of a fee.

TX HB2

Relating to providing property tax relief through the public school finance system, exemptions, limitations on appraisals and taxes, and property tax administration; authorizing the imposition of a fee.

TX SB1096

Relating to the treatment of certain residence homesteads for purposes of the Tax Increment Financing Act.

TX HB1566

Relating to the ad valorem taxation of residential real property.

TX HB2987

Relating to the exemption of tangible personal property from ad valorem taxation; making conforming changes.

TX SB1789

Relating to the exemption of tangible personal property from ad valorem taxation; making conforming changes.

TX HB794

Relating to limitations on increases in the appraised value for ad valorem tax purposes of residence homesteads and single-family residences other than residence homesteads.

TX HB32

Relating to limitations on increases in the appraised value for ad valorem tax purposes of residence homesteads and single-family residences other than residence homesteads.

TX SB178

Relating to a limitation on increases in the appraised value of real property other than a residence homestead for ad valorem tax purposes.

TX SB1019

Relating to a limitation on increases in the appraised value of real property other than a residence homestead for ad valorem tax purposes.

Similar Bills

TX HB851

Relating to the determination and reporting of the number of residence homesteads of certain property owners for which the owner is receiving certain ad valorem tax benefits.

TX HB288

Relating to an exemption from ad valorem taxation by a school district for maintenance and operations purposes of the total appraised value of a residence homestead and the offsetting of the resulting revenue loss to school districts with state sales and use tax revenue.

TX HB3793

Relating to an exemption from ad valorem taxation by a school district for maintenance and operations purposes of the total appraised value of a residence homestead and the offsetting of the resulting revenue loss to school districts with state sales and use tax revenue.

TX HB106

Relating to a one-time payment for certain homeowners; making an appropriation.

TX HB134

Relating to ad valorem taxation.

TX HB69

Relating to the determination and reporting of the number of residence homesteads of elderly or disabled persons that are subject to the limitation on the total amount of ad valorem taxes that may be imposed on the properties by school districts and of the number of residence homesteads of certain property owners for which the owner deferred collection of a tax, abated a suit to collect a delinquent tax, or abated a sale to foreclose a tax lien.

TX HB156

Relating to the determination and reporting of the number of residence homesteads of elderly or disabled persons that are subject to the limitation on the total amount of ad valorem taxes that may be imposed on the properties by school districts, or who utilize the property tax deferral program in section 33.06, Tax Code.

TX HB1591

Relating to an exemption from ad valorem taxation of the residence homestead of a Purple Heart recipient or the surviving spouse of a Purple Heart recipient.