Texas House Bill HJR47

Texas 2009 - 81st Regular

Caption

Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation certain energy efficiency-related improvements to real or personal property.

Impact

If enacted, HJR47 would modify existing provisions of the Texas Constitution, specifically Section 2(a) of Article VIII, which governs taxation policies. By introducing tax exemptions for energy efficiency-related improvements, the bill seeks to enhance the economic viability of making such investments. Supporters argue that this change could significantly stimulate the market for energy-efficient building practices and products. Furthermore, it is expected to have positive ramifications for property values, as homes and businesses with energy-efficient improvements may see increased demand and higher appraisals.

Summary

HJR47 proposes a constitutional amendment that would authorize the Texas Legislature to exempt certain energy efficiency-related improvements to both real and personal property from ad valorem taxation. The bill aims to encourage property owners to invest in energy efficiency improvements by alleviating the tax burden associated with such enhancements. This legislative move aligns with broader efforts to promote sustainability and reduce energy consumption across the state by incentivizing property owners to adopt energy-efficient technologies and practices.

Contention

Discussion surrounding HJR47 has included both strong support and some skepticism. Proponents, including environmental advocates and various business groups, argue that the amendment is a crucial step in establishing a greener economy and reducing the long-term costs associated with energy consumption. Conversely, opponents may raise concerns regarding the potential loss of revenue for local governments that depends on property taxes, highlighting the need for a balanced approach that considers both environmental benefits and fiscal responsibilities. Overall, the debate reflects the tension between environmental policy and economic realities.