Texas 2019 - 86th Regular

Texas House Bill HJR58

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 or within a municipal management district that is owned for the purpose of building low-income housing.

Impact

If passed, HJR58 would introduce a significant change in how properties designated for low-income housing are treated regarding local ad valorem taxes. This could lead to increased investments in affordable housing initiatives, particularly in areas identified as having a need for such developments. The measure is expected to empower local government subdivisions to collaborate with the state legislature on housing projects that meet the specified criteria, which could result in a more unified approach to addressing housing shortages in Texas.

Summary

HJR58 is a proposed joint resolution aimed at amending the Texas Constitution to authorize the legislature to exempt certain properties from ad valorem taxation. Specifically, the bill focuses on properties located near public schools or within municipal management districts that are intended for the development of low-income housing. The intent is to encourage the construction of affordable housing units by reducing the tax burden on developers involved in such projects, thereby fostering economic diversity and accessibility in housing.

Contention

Debate surrounding HJR58 may arise due to differing views on tax exemptions and their implications for local revenue. Proponents of the resolution argue that it is essential for promoting affordable housing and creating sustainable communities, showing a commitment to solve the pressing issue of housing affordability. However, opponents could express concerns regarding the loss of potential tax revenues, which might otherwise contribute to local services and infrastructure, raising questions about the long-term viability of funding for schools and other public services impacted by any decrease in local tax collections.

Companion Bills

TX HB1194

Enabled by Relating to the exemption from ad valorem taxation by a school district of certain property used to build low-income housing.

TX HB1194

Enabled by Relating to the exemption from ad valorem taxation by a school district of certain property used to build low-income housing.

Previously Filed As

TX HJR173

Proposing a constitutional amendment authorizing the legislature to permit the owner of a parcel of real property that is located in more than one county to elect to have the property appraised for ad valorem taxation by the appraising entity for one of those counties.

TX SJR31

Proposing a constitutional amendment authorizing the governing body of a political subdivision other than a school district to adopt an exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the market value of an individual's residence homestead.

TX HJR199

Proposing a constitutional amendment authorizing the legislature to increase the amount of the exemption from ad valorem taxation by a school district of the market value of the residence homestead of a person who is elderly or disabled.

TX SJR46

Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation a person's inventory.

TX HJR129

Proposing a constitutional amendment exempting tangible personal property from ad valorem taxation.

TX SJR78

Proposing a constitutional amendment exempting tangible personal property from ad valorem taxation.

TX HJR158

Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation income-producing tangible personal property having a value of less than a certain amount.

TX HJR101

Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation income-producing tangible personal property having a value of less than a certain amount.

TX HJR161

Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation by a political subdivision located wholly or partly in a populous county of a specified dollar amount, or a greater dollar amount specified by the governing body of the political subdivision, of the assessed value of a residence homestead.

TX HJR23

Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation by a political subdivision other than a school district of a portion of the assessed value of a residence homestead based on the average assessed value in the preceding tax year of all qualified residence homesteads that are located in the same county as the homestead.

Similar Bills

No similar bills found.