Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation real property leased to certain schools organized and operated primarily for the purpose of engaging in educational functions.
Impact
If enacted, this constitutional amendment would amend Section 2(a), Article VIII of the Texas Constitution, allowing the legislature to designate certain educational properties as exempt from local property taxes. This change will begin to take effect starting with the tax year on January 1, 2014. The exemption is expected to positively impact schools that serve educational functions, making it easier for them to allocate funds toward programs and facilities rather than tax liabilities. The temporary provision, however, indicates that this exemption will be subject to certain limitations and conditions, maintaining a balance in fiscal responsibility.
Summary
HJR86 is a proposed constitutional amendment that seeks to authorize the Texas legislature to exempt certain real property from ad valorem taxation. Specifically, this bill targets real property leased to schools that are organized and operated primarily for educational functions. By providing this exemption, the bill aims to support educational institutions and lessen their financial burdens related to property taxes. It reflects a broader strategy to foster educational initiatives within the state by facilitating more financial resources for schools, thus enhancing their operational capabilities.
Contention
The introduction of HJR86 may face some contention regarding its implications on state revenue. Critics may argue that such exemptions could diminish funding for local governments, which rely on property taxes to support community services and infrastructure. However, supporters contend that investing in education is paramount, and the long-term benefits of fostering educational environments will outweigh the immediate fiscal concerns. The discussions surrounding this bill will likely include debates on how to equitably balance the needs of local governments with the necessity of promoting educational growth within Texas.
Enabled by
Relating to the exemption from ad valorem taxation of real property leased to and used by certain schools.
TX SJR44
Identical
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation real property leased to certain schools organized and operated primarily for the purpose of engaging in educational functions.
TX SJR52
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation real property leased to certain schools organized and operated primarily for the purpose of engaging in educational functions.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation real property used to operate a child-care facility.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation real property used to operate a child-care facility.
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value for ad valorem tax purposes and exempt from ad valorem taxation a portion of the market value of rental real property that primarily serves as the residence of the occupants of the property.
Proposing a constitutional amendment to authorize the legislature to exempt from ad valorem taxation the real and personal property owned and exclusively used by a labor organization for the organization's operations.