Texas House Bill HB3959

Texas 2019 - 86th Regular

Caption

Relating to a local option exemption from ad valorem taxation by a school district of the total appraised value of the residence homesteads of certain elderly or disabled persons.

Impact

The implementation of HB 3959 is significant for state laws concerning property tax exemptions. It modifies existing provisions under the Tax Code to provide a straightforward mechanism for school districts to offer these exemptions, thereby potentially reducing the tax liability for eligible homeowners. This change could enhance the financial stability of senior citizens and disabled persons living in their homes, directly affecting their quality of life and ability to remain in their residences.

Summary

House Bill 3959 establishes a local option exemption from ad valorem taxation for school districts regarding the total appraised value of residence homesteads owned by certain elderly or disabled individuals. This legislation is aimed at alleviating the financial burden of property taxes for qualifying individuals, specifically those who are 70 years of age or older, or are disabled. By allowing local school districts to adopt this exemption, the bill empowers communities to support their elderly and disabled residents more effectively.

Contention

Despite the bill's benevolent intent, there are points of contention among legislators. Supporters argue that the exemption will provide necessary relief to vulnerable populations who often struggle with rising living costs. Conversely, some critics express concerns about the financial impact on school district revenues. They argue that significant tax exemptions could lead to budgetary constraints, affecting funding for public education and other essential services. Thus, while the bill provides potential benefits to individuals, its broader implications on school finance and community resources are subjects of debate.