LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION April 9, 2023 TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB35 by Bernal (Relating to installment payments of ad valorem taxes imposed on residence homesteads in certain counties.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Chapter 31 of the Tax Code, relating to Collections, to permit an individual who has a residence homestead exemption for property located in a county with a population greater than 1.5 million, and where more than 70 percent reside in a single municipality, to pay property taxes on that homestead in four equal installments.Currently, these installment plans are only available to individuals who qualify for a homestead exemption who are disabled, age 65 or older or qualified as a disabled veteran or unmarried surviving spouse of a disabled veteran under Tax Code Section 11.132 or 11.22.The bill would only apply to property taxes collected on property located in Bexar County.The bill would affect the timing but not the amount of property taxes paid, and the final installment would be paid in the same fiscal year required under current law except in rare cases. Consequently, the bill would not create a significant cost to the state or units of local government. Local Government ImpactThe bill would only apply to property taxes collected on property located in Bexar County.The bill would affect the timing but not the amount of property taxes paid, and the final installment would be paid in the same fiscal year required under current law except in rare cases. Consequently, the bill would not create a significant cost to the state or units of local government. Source Agencies: b > td > 304 Comptroller of Public Accounts LBB Staff: b > td > JMc, KK, SD, BRI
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
April 9, 2023
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB35 by Bernal (Relating to installment payments of ad valorem taxes imposed on residence homesteads in certain counties.), As Introduced
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB35 by Bernal (Relating to installment payments of ad valorem taxes imposed on residence homesteads in certain counties.), 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
HB35 by Bernal (Relating to installment payments of ad valorem taxes imposed on residence homesteads in certain counties.), As Introduced
HB35 by Bernal (Relating to installment payments of ad valorem taxes imposed on residence homesteads in certain counties.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 31 of the Tax Code, relating to Collections, to permit an individual who has a residence homestead exemption for property located in a county with a population greater than 1.5 million, and where more than 70 percent reside in a single municipality, to pay property taxes on that homestead in four equal installments.Currently, these installment plans are only available to individuals who qualify for a homestead exemption who are disabled, age 65 or older or qualified as a disabled veteran or unmarried surviving spouse of a disabled veteran under Tax Code Section 11.132 or 11.22.The bill would only apply to property taxes collected on property located in Bexar County.The bill would affect the timing but not the amount of property taxes paid, and the final installment would be paid in the same fiscal year required under current law except in rare cases. Consequently, the bill would not create a significant cost to the state or units of local government.
Local Government Impact
The bill would only apply to property taxes collected on property located in Bexar County.The bill would affect the timing but not the amount of property taxes paid, and the final installment would be paid in the same fiscal year required under current law except in rare cases. Consequently, the bill would not create a significant cost to 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, SD, BRI
JMc, KK, SD, BRI