Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation not more than $60,000 of the assessed value of the residence homesteads of military servicemembers who are serving on active duty.
Impact
If HJR69 is enacted, it would modify Article VIII of the Texas Constitution by adding a new subsection designed to support military members financially. The bill will specifically target residence homesteads, which are often the primary financial asset for many families, thereby providing crucial aid to those who might be struggling under the weight of property taxes. This exemption, however, is limited to a specific assessed value and is applicable only to active duty servicemembers, which means that it will not extend to veterans or those not currently serving.
Summary
HJR69 is a joint resolution proposing a constitutional amendment that would allow the Texas legislature to exempt from ad valorem taxation up to $60,000 of the assessed value of the residence homesteads belonging to military servicemembers who are serving on active duty. The amendment aims to provide financial relief to those who serve in the armed forces, recognizing their sacrifices and the unique challenges they face. By alleviating some of the tax burden on their residence properties, the bill seeks to improve the economic circumstances of active-duty servicemembers and their families.
Contention
Discussions around HJR69 may include debates regarding equity and fairness, as some lawmakers might raise concerns about the implications of tax exemptions favoring military personnel over other groups of citizens facing financial hardships. There may also be discussions surrounding the fiscal impact of this exemption on local government revenues, particularly for school districts and municipalities that rely on property taxes for funding essential services. The legislature must also define how to protect these entities from revenue loss due to the implementation of this amendment.
Enabled by
Relating to an exemption from ad valorem taxation of $60,000 of the appraised value of the residence homesteads of military servicemembers who are serving on active duty.
Proposing a constitutional amendment authorizing the legislature to increase the amount of the exemption from ad valorem taxation by a school district of the market value of the residence homestead of a person who is elderly or disabled.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of all or part of the market value of the residence homestead of the surviving spouse of a military service member who is killed or fatally injured in the line of duty.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of all or part of the market value of the residence homestead of the surviving spouse of a military service member who is killed or fatally injured in the line of duty.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of all or part of the market value of the residence homestead of the surviving spouse of a military service member who is killed or fatally injured in the line of duty.
Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation by a political subdivision other than a school district of a portion of the assessed value of a residence homestead based on the average assessed value in the preceding tax year of all qualified residence homesteads that are located in the same county as the homestead.
Proposing a constitutional amendment to exempt from ad valorem taxation a portion of the market value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment to exempt from ad valorem taxation 50 percent of the appraised value of the residence homestead of a person who has received a residence homestead exemption on the property for at least the preceding 10 years.
Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.