LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 18, 2021 TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1601 by Allison (Relating to a local option exemption from ad valorem taxation of all or part of the appraised value of the residence homesteads of certain peace officers.), As Introduced No fiscal implication to the State is anticipated. This bill would amend Chapter 11 of the Tax Code, regarding property tax exemptions, to add a local option homestead exemption for eligible peace officers employed by the state or a political subdivision if the peace officer's homestead is located in a high-need area as designated by the taxing unit. The taxing unit may adopt either a percentage or flat dollar amount. The bill would hold school districts harmless for granting a local exemption.The bill alone would not have any effect and would require constitutional authorization. The proposed constitutional amendment associated with this bill (HJR 83) is self-implementing. Consequently, any fiscal impact is shown in the fiscal note for that constitutional amendment.The bill would be effective January 1, 2022, contingent on voter approval of a constitutional amendment (HJR 83). Local Government ImpactThe bill would have no fiscal impact on units of local government. Any fiscal impact is shown in the fiscal note for the corresponding constitutional amendment. Source Agencies: b > td > 304 Comptroller of Public Accounts LBB Staff: b > td > JMc, KK, SD, BRI
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 18, 2021
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1601 by Allison (Relating to a local option exemption from ad valorem taxation of all or part of the appraised value of the residence homesteads of certain peace officers.), As Introduced
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1601 by Allison (Relating to a local option exemption from ad valorem taxation of all or part of the appraised value of the residence homesteads of certain peace officers.), As Introduced
Honorable Morgan Meyer, Chair, House Committee on Ways & Means
Honorable Morgan Meyer, Chair, House Committee on Ways & Means
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1601 by Allison (Relating to a local option exemption from ad valorem taxation of all or part of the appraised value of the residence homesteads of certain peace officers.), As Introduced
HB1601 by Allison (Relating to a local option exemption from ad valorem taxation of all or part of the appraised value of the residence homesteads of certain peace officers.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
This bill would amend Chapter 11 of the Tax Code, regarding property tax exemptions, to add a local option homestead exemption for eligible peace officers employed by the state or a political subdivision if the peace officer's homestead is located in a high-need area as designated by the taxing unit. The taxing unit may adopt either a percentage or flat dollar amount. The bill would hold school districts harmless for granting a local exemption.The bill alone would not have any effect and would require constitutional authorization. The proposed constitutional amendment associated with this bill (HJR 83) is self-implementing. Consequently, any fiscal impact is shown in the fiscal note for that constitutional amendment.The bill would be effective January 1, 2022, contingent on voter approval of a constitutional amendment (HJR 83).
The bill alone would not have any effect and would require constitutional authorization. The proposed constitutional amendment associated with this bill (HJR 83) is self-implementing. Consequently, any fiscal impact is shown in the fiscal note for that constitutional amendment.
The bill would be effective January 1, 2022, contingent on voter approval of a constitutional amendment (HJR 83).
Local Government Impact
The bill would have no fiscal impact on units of local government. Any fiscal impact is shown in the fiscal note for the corresponding constitutional amendment.
Source Agencies: b > td > 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: b > td > JMc, KK, SD, BRI
JMc, KK, SD, BRI