By: Martinez Fischer H.B. No. 2303
A BILL TO BE ENTITLED
AN ACT
relating to an increase in the amount of the exemption of residence
homesteads from ad valorem taxation by a school district, a
reduction of the limitation on the total amount of ad valorem taxes
that may be imposed by a school district on the homestead of an
elderly or disabled person to reflect the increased exemption
amount, and the protection of school districts against the
resulting loss in local revenue.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11.13(b), Tax Code, is amended to read as
follows:
(b) An adult is entitled to exemption from taxation by a
school district of $100,000 [$40,000] of the appraised value of the
adult's residence homestead, except that only $5,000 of the
exemption applies to an entity operating under former Chapter 17,
18, 25, 26, 27, or 28, Education Code, as those chapters existed on
May 1, 1995, as permitted by Section 11.301, Education Code.
SECTION 2. This Act takes effect September 1, 2023.