Texas House Bill HJR100

Texas 2015 - 84th Regular

Caption

Proposing a constitutional amendment authorizing the governing body of a political subdivision to adopt a local option exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the market value of real property of a business that employs honorably discharged veterans.

Impact

If enacted, HJR100 could significantly impact local taxation policies in Texas. It would allow municipalities the discretion to grant tax exemptions that could help reduce the financial burden on veteran-owned or veteran-employing businesses. This could stimulate local economic growth by fostering a more favorable business environment for companies that hire veterans, contributing to job creation and supporting the local economy.

Summary

HJR100 proposes a constitutional amendment that would empower the governing body of a political subdivision, such as a city or county, to implement a local option exemption from ad valorem taxation. This exemption applies to a portion of the market value of real property owned by businesses that employ honorably discharged veterans. The bill aims to offer financial incentives to businesses that provide employment opportunities to veterans, aligning state tax benefits with efforts to assist this demographic in reintegrating into civilian life and the workforce.

Contention

While supporters of HJR100 argue that granting tax exemptions is a positive step towards aiding veteran employment and incentivizing local businesses, there may be concerns among some lawmakers and community members regarding the potential loss of tax revenue for local governments. Critics might argue that the amendment could lead to unequal economic advantages for specific businesses, particularly if not monitored adequately. Additionally, the bill includes a provision allowing the state legislature to set additional eligibility requirements, which may lead to debates on fairness and equity in the application of the tax exemption.