Texas 2009 - 81st Regular

Texas Senate Bill SB393

Filed

12/31/08

Out of Senate Committee

Voted on by Senate

Out of House Committee

Voted on by House

Governor Action

Bill Becomes Law

Caption

Relating to the treatment for school finance purposes of school district optional residence homestead ad valorem tax exemptions.

Impact

The changes proposed in SB393 primarily affect funding mechanisms for schools, as it amends the guidelines surrounding taxable property values. The bill outlines provisions for how exemptions are to be calculated, potentially leading to variations in state funding for school districts based on their local tax structures. It emphasizes ensuring that state funding reflects a uniform approach to property evaluations, potentially benefiting underfunded districts if tax exemptions were previously not accounted for adequately.

Summary

SB393 aims to address the treatment of optional residence homestead ad valorem tax exemptions for school finance purposes in Texas. By amending certain sections of the Education Code and Government Code, the bill seeks to clarify how tax exemptions impact the computation of a school district's taxable value of property, particularly in the context of state funding. This legislation could influence the distribution of funds provided by the state to school districts and alter the financial landscape for education funding within Texas.

Contention

There may be points of contention surrounding SB393 related to the implications of these tax exemptions on local districts. Proponents of the bill argue that a more standardized process will lead to fairer distribution of state resources, helping to reduce funding disparities across districts. Conversely, skeptics may raise concerns about the loss of local control over tax exemptions and the ability of districts to tailor their financial strategies to meet specific community needs, fearing that this could exacerbate inequalities.

Last_action

As of February 17, 2009, SB393 was referred to the Finance Committee, reflecting ongoing discussions and debates surrounding its implications on school funding and property tax administration in Texas.

Companion Bills

No companion bills found.

Previously Filed As

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 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 HB117

Relating to a limitation on the total amount of ad valorem taxes that a school district may impose on certain residence homesteads following a substantial school tax increase.

TX SB196

Relating to the authority of the governing body of a taxing unit to adopt an exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the appraised value of an individual's residence homestead.

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.

TX SB1096

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

TX HB2666

Relating to the limitation on the total amount of ad valorem taxes that a school district may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for at least 20 consecutive tax years.

TX HB4261

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.

TX HB5046

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.

Similar Bills

TX HB1104

Relating to the phasing out of ad valorem taxes on the residence homesteads of elderly persons by 2021.

TX HB1648

Relating to the establishment of a limitation on the total amount of ad valorem taxes that a county may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.

TX HB4478

TX HB670

Relating to the authority of a taxing unit other than a school district to establish a limitation on the amount of ad valorem taxes that the taxing unit may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.