LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 13, 2015 TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HJR67 by Sheets (Proposing a constitutional amendment authorizing the legislature to exempt all or part of the residence homesteads of certain disabled veterans from ad valorem taxation.), As Introduced The resolution alone would have no fiscal implication to the State other than the cost of publication. Any additional fiscal implication would be attributable to the corresponding enabling legislation. The cost to the State for publication of the resolution is $118,681. The resolution would propose an amendment to Section 1-b(i), Article VIII, of the Texas Constitution, to permit the Legislature to grant a property tax exemption of all or part of the market value of residence homesteads of disabled veterans who are certified as having a service-connected disability with a disability rating of at least 80 percent, rather than a rating of 100 percent or totally disabled. The proposed amendment, in and of itself, would not create a cost to units of local government or the state other than the cost of publication. Any additional cost would be attributable to the implementing legislation.The cost to the state for publication of the resolution is $118,681.The proposed amendment would be submitted to voters at an election to be held November 3, 2015. Local Government Impact The proposed constitutional amendment alone would have no fiscal implication to units of local government. Any fiscal implication would be attributable to the corresponding enabling legislation. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK, SD, SJS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 13, 2015
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HJR67 by Sheets (Proposing a constitutional amendment authorizing the legislature to exempt all or part of the residence homesteads of certain disabled veterans from ad valorem taxation.), As Introduced
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HJR67 by Sheets (Proposing a constitutional amendment authorizing the legislature to exempt all or part of the residence homesteads of certain disabled veterans from ad valorem taxation.), As Introduced
Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HJR67 by Sheets (Proposing a constitutional amendment authorizing the legislature to exempt all or part of the residence homesteads of certain disabled veterans from ad valorem taxation.), As Introduced
HJR67 by Sheets (Proposing a constitutional amendment authorizing the legislature to exempt all or part of the residence homesteads of certain disabled veterans from ad valorem taxation.), As Introduced
The resolution alone would have no fiscal implication to the State other than the cost of publication. Any additional fiscal implication would be attributable to the corresponding enabling legislation. The cost to the State for publication of the resolution is $118,681.
The resolution alone would have no fiscal implication to the State other than the cost of publication. Any additional fiscal implication would be attributable to the corresponding enabling legislation. The cost to the State for publication of the resolution is $118,681.
The resolution would propose an amendment to Section 1-b(i), Article VIII, of the Texas Constitution, to permit the Legislature to grant a property tax exemption of all or part of the market value of residence homesteads of disabled veterans who are certified as having a service-connected disability with a disability rating of at least 80 percent, rather than a rating of 100 percent or totally disabled. The proposed amendment, in and of itself, would not create a cost to units of local government or the state other than the cost of publication. Any additional cost would be attributable to the implementing legislation.The cost to the state for publication of the resolution is $118,681.The proposed amendment would be submitted to voters at an election to be held November 3, 2015.
Local Government Impact
The proposed constitutional amendment alone would have no fiscal implication to units of local government. Any fiscal implication would be attributable to the corresponding enabling legislation.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, KK, SD, SJS
UP, KK, SD, SJS