TX
Texas Senate Bill SJR57

Texas 2015 - 84th Regular

Texas Senate Bill SJR57

Voted on by Senate
 
Out of House Committee
 
Voted on by House
 
Sent toSOS
 
Proposed Const. Amend.
 

Caption

Proposing a constitutional amendment increasing the amount of the residence homestead exemption from ad valorem taxation for public school purposes, 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, and extending the number of days that certain tangible personal property that is exempt from ad valorem taxation due to its temporary location in this state may remain located in this state before forfeiting the right to the exemption.

Impact

The implications of SJR57 on state laws are profound, particularly concerning property tax regulations and funding for public education. By altering the exemption amounts, the bill will reduce the revenue collected from ad valorem taxes, which could lead to funding challenges for public schools dependent on these revenues. The legislature is tasked with designing mechanisms to protect school districts from revenue losses stemming from the implementation of this amendment, indicating a necessary recalibration of funding strategies to maintain educational standards despite potential sacrifices in tax income.

Summary

SJR57 proposes a constitutional amendment aimed at increasing the residence homestead exemption from ad valorem taxation specifically for public school purposes. The current exemption of $15,000 will be raised to $30,000, allowing homeowners to reduce their tax burdens significantly. Moreover, the amendment includes provisions for the elderly and disabled, ensuring that the limits on taxes imposed on their homesteads will adjust in line with the increased exemption amounts. This bill is meant to alleviate financial pressures on these vulnerable populations, particularly as property taxes can significantly impact their fixed incomes.

Contention

Notable points of contention surrounding SJR57 include concerns regarding the sustainability of funding for public schools. Opponents argue that increasing exemptions can create an imbalance, particularly if the state fails to backfill the lost revenues or if local budgets suffer significantly due to the changes. Supporters of the bill, however, emphasize that assisting elderly and disabled homeowners is crucial in ensuring they remain financially secure in their residences. The debate centers around the balance between providing immediate financial relief to certain demographics and ensuring a stable funding base for educational institutions in Texas.

Latest TX SJR57 Activity

View All Events: TX 2015 - 84th Regular SJR57

Companion Bills

TX SB1694

Enabled by Relating to certain exemptions from ad valorem taxation.

Previously Filed As

TX HJR162

Proposing a constitutional amendment providing for an exemption from ad valorem taxation for public school purposes of a dollar amount or a percentage, whichever is greater, of the market value of a residence homestead and providing for an adjustment of the limitation on the total amount of ad valorem taxes that may be imposed for those purposes on the homestead of a person who is elderly or disabled to reflect increases in the exemption amount.

TX HJR13

Proposing a constitutional amendment providing for an exemption from ad valorem taxation for public school purposes of a dollar amount or a percentage, whichever is greater, of the market value of a residence homestead and providing for an adjustment of the limitation on the total amount of ad valorem taxes that may be imposed for those purposes on the homestead of a person who is elderly or disabled to reflect increases in the exemption amount.

TX HJR195

Proposing a constitutional amendment providing for an adjustment of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of a person who is elderly or disabled to reflect the most recent increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district.

TX HJR115

Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in the exemption amount.

TX HJR122

Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in the exemption amount.

TX SJR1

Proposing a constitutional amendment to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, and to except certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

TX SJR2

Proposing a constitutional amendment to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, and to except certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

TX HJR44

Proposing a constitutional amendment to appropriate money from the general revenue fund to the foundation school fund and use the money to finance a temporary increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and a temporary reduction in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount.

TX SJR3

Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of real property for ad valorem tax purposes, to increase the amount of an exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, and to except certain appropriations to pay for ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

TX SJR1

Proposing a constitutional amendment to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, to provide supplemental payments to full-time classroom teachers in school districts, and to except certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

Similar Bills

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NJ A1047

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NJ A1646

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NJ S909

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AZ SB1582

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