Texas Senate Bill SJR28

Texas 2015 - 84th Regular

Caption

Proposing a constitutional amendment increasing the amount of the residence homestead exemption from ad valorem taxation for public school purposes and providing for a reduction of the limitation on the total amount of ad valorem taxes that may be imposed for those purposes on the homestead of an elderly or disabled person to reflect the increased exemption amount.

Impact

The amendment will specifically alter Sections 1-b(c) and (d), Article VIII of the Texas Constitution, allowing for a significant increase in the amount exempt from taxation. This change is expected to provide immediate relief for elderly and disabled homeowners, potentially leading to increased home retention for these vulnerable groups. Additionally, the legislation includes provisions for a temporary limitation on tax increases related to these homesteads, thereby securing further financial stability for affected individuals in their residences over time.

Summary

SJR28 is a joint resolution proposing a constitutional amendment to increase the residence homestead exemption from ad valorem taxation for public school purposes from $15,000 to $30,000. This amendment aims to lessen the tax burden on property owners, particularly benefiting elderly and disabled individuals. In addition to raising the exemption amount, SJR28 proposes a reduction in the overall amount of ad valorem taxes that may be imposed on the homestead of elderly or disabled persons, ensuring that these individuals reflect the increased exemption in their tax liabilities.

Contention

Discussions around SJR28 may highlight concerns surrounding public school funding, as the increased homestead exemption could affect revenue collected for educational purposes. While supporters argue that this measure provides necessary support for elderly and disabled taxpayers, detractors might point out that it places additional pressure on school districts to maintain funding levels. The debate may center on the balance between providing tax relief to vulnerable populations and ensuring adequate funding for public education, which could lead to increased advocacy for alternative revenue solutions.