| 1 | 1 | | 86R2394 LHC-F |
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| 2 | 2 | | By: Rodriguez H.B. No. 3253 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to a study regarding ad valorem tax relief through the use |
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| 8 | 8 | | of a circuit breaker program. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. (a) In this section: |
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| 11 | 11 | | (1) "Circuit breaker program" means a program that |
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| 12 | 12 | | limits the amount of ad valorem taxes that may be imposed on a |
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| 13 | 13 | | residence homestead based on the owner's annual income. |
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| 14 | 14 | | (2) "Residence homestead" has the meaning assigned by |
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| 15 | 15 | | Section 11.13, Tax Code. |
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| 16 | 16 | | (b) The comptroller shall conduct a study to examine circuit |
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| 17 | 17 | | breaker programs as a means of expanding and protecting the |
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| 18 | 18 | | homestead interests of low-income and moderate-income families. |
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| 19 | 19 | | (c) Before collecting information for purposes of the |
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| 20 | 20 | | study, the comptroller shall establish an advisory committee to |
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| 21 | 21 | | assist the comptroller in conducting the study. The advisory |
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| 22 | 22 | | committee must be composed of representatives of: |
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| 23 | 23 | | (1) school districts and other taxing units; |
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| 24 | 24 | | (2) home builders; |
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| 25 | 25 | | (3) real estate agents; |
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| 26 | 26 | | (4) mortgage lenders; |
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| 27 | 27 | | (5) financial agencies involved in mortgage markets; |
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| 28 | 28 | | (6) organizations interested in housing for |
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| 29 | 29 | | low-income and moderate-income households; |
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| 30 | 30 | | (7) organizations interested in the effect of ad |
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| 31 | 31 | | valorem taxes on low-income and moderate-income households; |
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| 32 | 32 | | (8) organizations interested in the effect of public |
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| 33 | 33 | | policy on low-income and moderate-income households; and |
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| 34 | 34 | | (9) other appropriate, interested organizations or |
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| 35 | 35 | | members of the public, as determined by the comptroller. |
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| 36 | 36 | | (d) The comptroller and the advisory committee shall |
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| 37 | 37 | | analyze the information studied and prepare a report containing the |
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| 38 | 38 | | results of the study conducted under this section. |
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| 39 | 39 | | (e) The comptroller may contract with appraisal districts, |
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| 40 | 40 | | taxing units, or other appropriate organizations for assistance and |
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| 41 | 41 | | to obtain information necessary to conduct the study. A state |
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| 42 | 42 | | agency, appraisal district, or taxing unit shall assist the |
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| 43 | 43 | | comptroller if the comptroller requests information or assistance |
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| 44 | 44 | | in conducting the study. |
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| 45 | 45 | | (f) Not later than December 1, 2020, the comptroller shall |
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| 46 | 46 | | submit to the governor, lieutenant governor, and speaker of the |
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| 47 | 47 | | house of representatives the report prepared under Subsection (d) |
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| 48 | 48 | | of this section. |
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| 49 | 49 | | (g) This section expires September 1, 2021. |
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| 50 | 50 | | SECTION 2. This Act takes effect September 1, 2019. |
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