TX
Texas House Bill HB11

Texas 2021 - 87th 2nd C.S.

Texas House Bill HB11

Caption

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate and to the protection of school districts against the resulting loss in local revenue.

Impact

By amending the Tax Code, the bill seeks to enhance protections for school districts against losses in local revenue resulting from the tax limitations on homesteads. Such measures are vital as they ensure that while taxpayers receive relief, school districts must not suffer adverse effects on their funding, which is crucial for maintaining educational resources and community services. The bill introduces additional state aid provisions for school districts, allowing them to be compensated for any revenue lost due to the implementation of this tax limitation.

Summary

House Bill 11 addresses the limitations imposed on ad valorem taxes applicable to the residence homesteads of individuals who are elderly or disabled. The bill aims to ensure that the maximum compressed tax rate, as determined by the school district, is adjusted accordingly to reflect any reductions in that rate from the previous tax year. This adjustment means that elderly or disabled homeowners would see a more favorable tax assessment on their properties, promoting financial relief for these vulnerable populations.

Contention

Discussion surrounding HB 11 points to potential contention regarding the balance between providing relief to the elderly and disabled homeowners while ensuring that school districts retain necessary funding. Some legislators are concerned about the implications of adjusting tax revenues and the effectiveness of state aid in compensating school districts for potential losses. The bill could open discussions about broader tax reforms and how to adequately fund education while addressing the financial needs of specific demographic groups.

Latest HB11 Activity

Companion Bills

TX SB12

Same As Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate and to the protection of school districts against the resulting loss in local revenue.

TX HJR2

Enabling for Proposing a constitutional amendment authorizing the legislature to provide for the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed for general elementary and secondary public school purposes on the residence homestead of a person who is elderly or disabled to reflect any statutory reduction from the preceding tax year in the maximum compressed rate of the maintenance and operations taxes imposed for those purposes on the homestead.

Similar Bills

TX SB12

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate and to the protection of school districts against the resulting loss in local revenue.

TX HB126

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate.

TX SB12

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate.

TX HB223

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate.

TX SB20

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate.

TX HB1095

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate.

TX HB1525

Relating to the public school finance system and public education.

TX SB3

Relating to providing property tax relief through the public school finance system, exemptions, limitations on appraisals and taxes, and property tax administration.