Texas 2011 - 82nd Regular

Texas House Bill HB2332

Filed

Out of House Committee

Voted on by House

Out of Senate Committee

Voted on by Senate

Governor Action

Bill Becomes Law

Caption

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

Impact

If enacted, HB2332 would specifically amend existing tax laws to exempt additional appraised values of residence homesteads from school district taxes. This change would reduce the overall tax revenue collected by school districts, necessitating a counterbalance via adjustments to state sales and use tax revenues. This mechanism is designed to ensure that the revenue loss experienced by school districts due to these exemptions is compensated through other tax revenues at the state level, which is crucial for maintaining funding for public education.

Summary

House Bill 2332 aims to provide an exemption from ad valorem taxation by school districts for maintenance and operations purposes on the appraised value of residence homesteads. This legislation intends to alleviate the financial burden on homeowners, particularly benefiting older adults and individuals with disabilities. By allowing for these exemptions, the bill seeks to create a more favorable economic environment for these vulnerable populations, enabling them to stay in their homes without facing escalating tax costs.

Sentiment

The general sentiment surrounding HB2332 appears to be positive among its proponents, who advocate for the bill as a means of protecting homeowners from financial strain, particularly for the elderly and disabled individuals. However, there are concerns among opponents who fear that the reduction in school funding could adversely affect educational resources and programs. The juxtaposition of helping residents maintain their homes while ensuring schools remain funded highlights a contentious aspect of the debate.

Contention

Notable points of contention include the potential impact on school districts’ financial stability, as the proposed exemptions could lead to significant decreases in funding for public education. Critics argue that relying on state sales tax revenue to offset local tax revenue losses could create imbalances, particularly if state revenues fluctuate. Additionally, there may be concerns about the sustainability of this financial model, especially as it applies to future budgets amid changing economic conditions.

Latest HB2332 Activity

Companion Bills

TX HJR116

Enabling for Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation by a school district for maintenance and operations purposes all or part of the appraised value of a residence homestead.

TX SB1215

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

Previously Filed As

TX SJR36

Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation by a school district for maintenance and operations purposes all or part of the appraised value of a residence homestead.

TX HJR116

TX HJR19

TX HJR118

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

TX SB1215

Similar Bills

TX SB1

Relating to certain restrictions on the imposition of ad valorem taxes and to the duty of the state to reimburse certain political subdivisions for certain revenue loss; making conforming changes.

TX HB2268

Relating to a temporary increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district, a temporary reduction in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount, and a temporary protection of school districts against the resulting temporary loss in local revenue.

TX HB1679

Relating to an exemption from ad valorem taxation by a school district of a dollar amount or a percentage, whichever is greater, of the appraised value of a residence homestead, a reduction of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the homestead of an elderly or disabled person to reflect any increase in the exemption amount, and the protection of school districts against the resulting loss in local revenue.

TX SB5

Relating to an increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district, a reduction in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount, and the protection of school districts against the resulting loss in local revenue.

TX HB4352

TX HB288

Relating to an exemption from ad valorem taxation by a school district of a portion of the appraised value of a residence homestead based on the median market value of all residence homesteads in this state, a reduction of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the homestead of an elderly or disabled person to reflect any increase in the exemption amount, and the protection of school districts against any resulting loss in local revenue.