Relating to the exemption from ad valorem taxation of property used by a charitable organization that promotes the academic development of boys or girls under the age of 18 years.
Impact
The potential impact of SB1757 on state laws includes an increase in the support for charitable organizations specifically aimed at supporting youth academic development. By relieving these entities from property taxes, the state hopes to foster an environment where educational programs can flourish and access to resources for youth is enhanced. This could lead to increased availability of facilities dedicated to educational initiatives and a community-oriented approach to youth development.
Summary
SB1757 aims to exempt property used by charitable organizations that promote academic development for boys and girls under 18 years of age from ad valorem taxation. This legislation is designed to encourage charitable activities focused on education and youth development by relieving some of the financial burdens associated with property taxes. It specifically amends the Texas Tax Code to provide this exemption, thereby incentivizing more charitable organizations to engage in programs that benefit young people.
Sentiment
The general sentiment around SB1757 appears to be favorable among many stakeholders who see value in promoting educational opportunities for youth. Supporters argue that such exemptions are essential for empowering charitable organizations and that they will contribute positively to community development and youth engagement. However, some critics may express concerns regarding the long-term implications of property tax exemptions, questioning whether they might lead to reduced tax revenues that could otherwise be allocated to public education or other essential services.
Contention
Notable points of contention surrounding SB1757 may arise from discussions on how such tax exemptions could affect local government budgets and their ability to fund essential services. While proponents of the bill view the initiative as a necessary support for charitable organizations, opponents may argue it undermines the local revenue base. This tension highlights the ongoing debate over tax policy and the balance between supporting charitable efforts and ensuring adequate funding for public needs.
Relating to the exemption from ad valorem taxation of property owned by a charitable organization that provides a meeting place and support services for organizations that provide assistance to persons with substance use disorders and their families.
Relating to an exemption from ad valorem taxation of property owned by a charitable organization that provides services related to the placement of a child in a foster or adoptive home.
Relating to the exemption from ad valorem taxation of certain property owned by a charitable organization that is engaged in providing housing and related facilities and services to persons who are at least 62 years of age.
Relating to the exemption from ad valorem taxation of certain property owned by a charitable organization that is engaged in providing housing and related facilities and services to persons who are at least 62 years of age.
Relating to an exemption from ad valorem taxation of real property owned by a charitable organization for the purpose of renting the property at below-market rates to low-income and moderate-income households.
Relating to an exemption from ad valorem taxation of real property owned by a charitable organization for the purpose of renting the property at below-market rates to low-income and moderate-income households.