Relating to an exemption from ad valorem taxation of the total appraised value of the residence homestead of an unpaid caregiver of an individual who is eligible to receive long-term services and supports under the Medicaid program while the individual is on a waiting list for the services and supports.
Impact
The proposed legislation modifies existing tax laws under Chapter 11 of the Tax Code, specifically by adding a new section that defines who qualifies for this exemption. It stipulates that a qualifying caregiver must be closely related to the individual receiving care, such as a parent or grandparent, and interpretatively reinforces the core intention to support families engaged in unpaid caregiving. The bill will thus influence financial planning for families with caregiving responsibilities as it opens the door for tax relief, which might provide necessary resources for other familial needs.
Summary
House Bill 511 aims to provide an exemption from ad valorem taxation on the total appraised value of the residence homestead of unpaid caregivers who look after individuals eligible for long-term services and supports under the Medicaid program. This exemption applies while the qualifying individual is on a waiting list for necessary care services. The bill seeks to recognize the significant financial burden placed on caregivers by alleviating property tax responsibilities, thereby encouraging and supporting those who take on caregiving roles without compensation.
Contention
One notable point of contention surrounding this bill is its conditional effectiveness, as its implementation is tied to the approval of a related constitutional amendment by the voters in 2025. This stipulation could raise concerns among stakeholders, primarily regarding the uncertainty of its passage and the long-term implications for caregivers depending on such exemptions. While advocates may cite the benefits of supporting families engaging in unpaid caregiving, opponents may argue about the fiscal effects on state revenue and whether similar exemptions set precedent for additional tax relief that could broaden state budget concerns.
Enabling for
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation the total assessed value of the residence homestead of an unpaid caregiver of an individual who is eligible to receive long-term services and supports under the Medicaid program while the individual is on a waiting list for the services and supports.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homestead of an unpaid caregiver of an individual who is eligible to receive long-term services and supports under the Medicaid program while the individual is on a waiting list for the services and supports.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homestead of an unpaid caregiver of an individual who is eligible to receive long-term services and supports under the Medicaid program while the individual is on a waiting list for the services and supports.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation the total assessed value of the residence homestead of an unpaid caregiver of an individual who is eligible to receive long-term services and supports under the Medicaid program while the individual is on a waiting list for the services and supports.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of the residence homestead of a Congressional Medal of Honor recipient or the surviving spouse of a Congressional Medal of Honor recipient.
Relating to the exemption from ad valorem taxation of the total appraised value of the residence homestead of the surviving spouse of a 100 percent or totally disabled veteran.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that a county may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that a county may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Proposing a constitutional amendment authorizing the legislature to limit the maximum appraised value of residential real property for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year, to exempt from ad valorem taxation the total appraised value of property purchased by an individual for the first tax year the individual qualifies the property as the individual's residence homestead if the property is the individual's first residence homestead and has an appraised value of less than $300,000, and to limit the total amount of ad valorem taxes that a political subdivision may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for at least 25 consecutive tax years.