LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATURE 2nd CALLED SESSION 2021 August 20, 2021 TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SJR2 by Bettencourt (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.), As Engrossed No fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $178,333. The resolution would propose an amendment to Article VIII of the Texas Constitution to reduce the school property tax limitation on the residence homesteads of 65-and-over and disabled homestead owners. The amendment would authorize the legislature to adjust the school property tax limitation on the residence homesteads of 65-and-over or disabled individuals.Adoption of the proposed constitutional amendment alone would have no fiscal impact on the state or local school districts. Any fiscal impact would depend on the corresponding enabling legislation (SB 12) or similar actions of the Legislature. The proposed amendment would be submitted to voters at an election to be held May 7, 2022. Local Government ImpactThe proposed amendment alone would have no fiscal impact on the state or units of local government. Source Agencies: b > td > 304 Comptroller of Public Accounts LBB Staff: b > td > JMc, KK, AF, SD, BRI
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATURE 2nd CALLED SESSION 2021
August 20, 2021
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SJR2 by Bettencourt (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.), As Engrossed
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SJR2 by Bettencourt (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.), As Engrossed
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
SJR2 by Bettencourt (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.), As Engrossed
SJR2 by Bettencourt (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.), As Engrossed
No fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $178,333.
No fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $178,333.
The resolution would propose an amendment to Article VIII of the Texas Constitution to reduce the school property tax limitation on the residence homesteads of 65-and-over and disabled homestead owners. The amendment would authorize the legislature to adjust the school property tax limitation on the residence homesteads of 65-and-over or disabled individuals.Adoption of the proposed constitutional amendment alone would have no fiscal impact on the state or local school districts. Any fiscal impact would depend on the corresponding enabling legislation (SB 12) or similar actions of the Legislature. The proposed amendment would be submitted to voters at an election to be held May 7, 2022.
Local Government Impact
The proposed amendment alone would have no fiscal impact on the state or units of local government.
Source Agencies: b > td > 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: b > td > JMc, KK, AF, SD, BRI
JMc, KK, AF, SD, BRI