Texas House Bill HB3253

Texas 2019 - 86th Regular

Caption

Relating to a study regarding ad valorem tax relief through the use of a circuit breaker program.

Impact

The bill mandates the Texas Comptroller to conduct a comprehensive study examining the feasibility and implications of adopting circuit breaker programs statewide. An advisory committee comprising representatives from various sectors, including school districts, home builders, and organizations concerned with low to moderate income housing, will support the study's execution. This collaborative approach ensures that multiple perspectives are considered in assessing how a circuit breaker program could be structured to provide effective tax relief.

Summary

House Bill 3253, introduced by Representative Rodriguez, focuses on the implementation of a study regarding ad valorem tax relief through a circuit breaker program. This program aims to limit the ad valorem taxes imposed on residence homesteads based on the annual income of homeowners. The primary goal of the bill is to support low-income and moderate-income families in maintaining their homestead interests, which could enhance their housing stability and affordability in Texas.

Contention

While proponents of HB 3253 argue that the bill is a necessary step toward addressing housing costs for vulnerable populations, there may be potential contention around its financial implications. Critics might express concerns regarding how the program could affect funding for local services, considering that a reduction in property tax revenues may impact schools and community projects. Balancing the need for tax relief with the financial sustainability of local government services will likely be a key point of debate as discussions progress.