Texas House Bill HJR92

Texas 2009 - 81st Regular

Caption

Proposing a constitutional amendment authorizing the legislature to exempt a portion of the assessed value of the residence homesteads of certain military servicemembers who have served in a hostile fire or imminent danger pay zone or a combat zone.

Impact

The implementation of HJR92 would require adjustments to the property tax code in Texas. It would necessitate the development of formulas to determine the value of the exemption based on the period of military service. Additionally, the resolution maintains provisions for local governments, allowing them to continue collecting previously pledged taxes related to existing debts, ensuring that public financing remains secure. Furthermore, it stipulates protective measures for school districts to mitigate revenue loss due to the implementation of the tax exemption.

Summary

HJR92 is a proposed constitutional amendment aimed at providing property tax relief specifically for certain military servicemembers who have served in designated hostile fire or combat zones. If passed, the resolution would authorize the Texas legislature to exempt a portion of the assessed value of residence homesteads belonging to these servicemembers from ad valorem taxation. This exemption is intended to offer financial assistance to veterans who have been exposed to significant risks during their service, recognizing their contributions to national security.

Contention

There may be varying opinions regarding HJR92, particularly surrounding the potential impact on local government revenue and equitable treatment of all veterans. While many may support tax relief for servicemembers as a form of recognition and gratitude, others may express concerns about the long-term fiscal implications for local jurisdictions. The debate could also include discussions on whether this exemption adequately addresses the needs of all veterans or if additional measures should be considered to enhance benefits for other segments of the veteran community.