LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION May 14, 2013 TO: Honorable Leticia Van de Putte, Chair, Senate Committee on Veteran Affairs & Military Installations FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HJR62 by Turner, Chris (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 member of the armed services of the United States who is killed in action.), As Engrossed No fiscal implication to the State is anticipated, other than the cost of publication. Any loss of revenue would be attributable to the corresponding enabling legislation. The cost to the state for publication of the resolution is $108,921. This resolution would propose a constitutional amendment to Section 1-b, Article VIII, of the Texas Constitution, to authorize the Legislature to grant a partial or total property tax exemption on the residence homestead of a surviving spouse of an individual who is killed in action as a member of the armed services of the U.S. if the surviving spouse has not remarried since the death of the member of the armed services. The amendment also would authorize the Legislature to require an exemption of the same dollar amount on the surviving spouse's subsequent homestead if the surviving spouse has not remarried. Adoption of the proposed amendment alone would have no fiscal impact on the state. Any loss of revenue would be attributable to the corresponding enabling legislation. The proposed amendment would be submitted to voters at an election to be held November 5, 2013 and would take effect on January 1, 2014 if adopted by the voters. Local Government Impact The proposed amendment, in and of itself, would have no fiscal impact on the state or units of local government. Any loss of revenue would be attributable to the corresponding enabling legislation. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KJo, SD, SJS, KK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
May 14, 2013
TO: Honorable Leticia Van de Putte, Chair, Senate Committee on Veteran Affairs & Military Installations FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HJR62 by Turner, Chris (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 member of the armed services of the United States who is killed in action.), As Engrossed
TO: Honorable Leticia Van de Putte, Chair, Senate Committee on Veteran Affairs & Military Installations
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HJR62 by Turner, Chris (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 member of the armed services of the United States who is killed in action.), As Engrossed
Honorable Leticia Van de Putte, Chair, Senate Committee on Veteran Affairs & Military Installations
Honorable Leticia Van de Putte, Chair, Senate Committee on Veteran Affairs & Military Installations
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HJR62 by Turner, Chris (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 member of the armed services of the United States who is killed in action.), As Engrossed
HJR62 by Turner, Chris (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 member of the armed services of the United States who is killed in action.), As Engrossed
No fiscal implication to the State is anticipated, other than the cost of publication. Any loss of revenue would be attributable to the corresponding enabling legislation. The cost to the state for publication of the resolution is $108,921.
No fiscal implication to the State is anticipated, other than the cost of publication. Any loss of revenue would be attributable to the corresponding enabling legislation. The cost to the state for publication of the resolution is $108,921.
The cost to the state for publication of the resolution is $108,921.
This resolution would propose a constitutional amendment to Section 1-b, Article VIII, of the Texas Constitution, to authorize the Legislature to grant a partial or total property tax exemption on the residence homestead of a surviving spouse of an individual who is killed in action as a member of the armed services of the U.S. if the surviving spouse has not remarried since the death of the member of the armed services. The amendment also would authorize the Legislature to require an exemption of the same dollar amount on the surviving spouse's subsequent homestead if the surviving spouse has not remarried. Adoption of the proposed amendment alone would have no fiscal impact on the state. Any loss of revenue would be attributable to the corresponding enabling legislation. The proposed amendment would be submitted to voters at an election to be held November 5, 2013 and would take effect on January 1, 2014 if adopted by the voters.
This resolution would propose a constitutional amendment to Section 1-b, Article VIII, of the Texas Constitution, to authorize the Legislature to grant a partial or total property tax exemption on the residence homestead of a surviving spouse of an individual who is killed in action as a member of the armed services of the U.S. if the surviving spouse has not remarried since the death of the member of the armed services. The amendment also would authorize the Legislature to require an exemption of the same dollar amount on the surviving spouse's subsequent homestead if the surviving spouse has not remarried.
Adoption of the proposed amendment alone would have no fiscal impact on the state. Any loss of revenue would be attributable to the corresponding enabling legislation.
The proposed amendment would be submitted to voters at an election to be held November 5, 2013 and would take effect on January 1, 2014 if adopted by the voters.
Local Government Impact
The proposed amendment, in and of itself, would have no fiscal impact on the state or units of local government. Any loss of revenue would be attributable to the corresponding enabling legislation.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, KJo, SD, SJS, KK
UP, KJo, SD, SJS, KK