Texas House Bill HJR66

Texas 2017 - 85th Regular

Caption

Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation by one or more political subdivisions of this state property located near a public school that is owned for the purpose of building low-income or moderate-income housing.

Impact

If passed, HJR66 would modify Article VIII of the Texas Constitution by adding Section 1-v, specifically facilitating the creation of low to moderate-income housing near public schools. Local political subdivisions would have the authority to exempt such properties from ad valorem taxation, which could significantly impact local tax revenues. However, this might also stimulate housing development in areas previously burdened by high taxation, ultimately contributing to a healthier economy and improved community services. It could incentivize developers to pursue projects that fulfill a critical need for affordable housing.

Summary

HJR66 proposes a constitutional amendment that would allow the Texas legislature to exempt properties from ad valorem taxation if they are located near public schools and are designated for low-income or moderate-income housing. This amendment aims to encourage the development of affordable housing in proximity to schools, potentially benefiting families who desire accessible educational facilities. By allowing tax breaks on such properties, the bill seeks to promote housing initiatives that align with community welfare and economic development.

Contention

There are potential contentions surrounding HJR66, primarily relating to the implications of tax revenue losses for local governments and how such exemptions might affect overall funding for public services. Supporters argue that the bill promotes crucial socio-economic benefits by addressing housing shortages in desirable areas, while opponents might view it as a detrimental shift that could limit the financial capacities of schools and local governments. Additionally, the bill allows for the formulation of additional eligibility requirements by the legislature, leaving room for debate on what criteria would apply and who would ultimately benefit from these tax exemptions.