TX
Texas Senate Bill SJR6

Texas 2021 - 87th 3rd C.S.

Texas Senate Bill SJR6

Caption

Proposing a constitutional amendment relating to the calculation of a limitation on the total amount of ad valorem taxes that may be imposed by certain political subdivisions on the residence homestead of a person who is elderly or disabled.

Impact

The implications of SJR6 are significant for state law as it provides specific provisions that protect elderly and disabled individuals from rising property taxes, which can often be a huge burden. By allowing ad valorem taxes on their homesteads to remain stable, this resolution aims to provide financial security and stability for those who are often on fixed incomes. The legislation recognizes the need for protecting against tax increases, especially in the face of rising property values and living costs. If passed, this tax limitation would automatically apply to homesteads receiving exemptions, making it crucial for local governments to comply while restructuring tax assessments.

Summary

SJR6 proposes a constitutional amendment that focuses on the calculation of ad valorem taxes for the residence homesteads of elderly and disabled individuals. The resolution specifically aims to limit the amount of taxes that can be imposed by certain political subdivisions on these homesteads. If approved, this legislation would amend Article VIII of the Texas Constitution, thereby providing tax relief for a vulnerable segment of the population residing in Texas. The intent behind the amendment is to ease the financial burden on elderly and disabled residents, ensuring that as long as they or their surviving spouses continue to qualify, their property taxes will not increase.

Contention

Despite its optimistic outlook, the proposal has faced some contention and may invoke debate in the legislative sessions. Some policymakers may express concern over the potential loss of revenue for local governments that rely heavily on property taxes for funding essential services. There is also the challenge of ensuring that such limitations are uniformly implemented across different regions while addressing the financial needs of retirees and those who are disabled. The potential disparity in implementation based on local government capabilities may raise questions about equity and sustainability of these tax limitations, thus sparking further discussions within the legislature.

Latest SJR6 Activity

Companion Bills

TX SB24

Enabled by Relating to the calculation of a limitation on the total amount of ad valorem taxes that may be imposed by certain taxing units on the residence homestead of an individual who is elderly or disabled.

Similar Bills

TX HJR22

Proposing a constitutional amendment to appropriate money from the economic stabilization fund to the foundation school fund and use the money to finance a temporary increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and a temporary reduction in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount.

TX SJR13

Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to reduce the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount.

TX HJR14

Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to reduce the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount.

TX HJR32

Proposing a constitutional amendment to appropriate money from the economic stabilization fund to the foundation school fund and use the money to finance a temporary increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and a temporary reduction in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount.

TX HJR75

Proposing a constitutional amendment to appropriate money from the economic stabilization fund to the foundation school fund and use the money to finance a temporary increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and a temporary reduction in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount.

TX SJR71

Proposing a constitutional amendment to use revenue attributable to oil and gas production taxes to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and reduce the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount.

TX SJR3

Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of real property for ad valorem tax purposes, to increase the amount of an exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, and to except certain appropriations to pay for ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

TX HJR115

Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in the exemption amount.