LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 13, 2025 TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2520 by Bettencourt (Relating to the calculation of the limitation on the total amount of ad valorem taxes imposed by a school district on the residence homestead of an individual who is elderly or disabled.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Section 11.26 of the Tax Code to clarify that the limitation on tax increases (freeze) is the lesser of the amount of tax imposed by the school district in the preceding tax year adjusted as provided by this section or the amount of tax imposed on the homestead in the tax year immediately following the first tax year the individual qualified a residence homestead for the limitation.To the extent that appraisal districts have not applied current law in the same way as prescribed in the section added by the bill, there could be an impact on taxable values and to the state through the operation of the school finance formulas, however it is unlikely to be significant. Local Government ImpactProvisions of the bill apply only to school districts. Source Agencies: b > td > 304 Comptroller of Public Accounts LBB Staff: b > td > JMc, SZ, KK, BRI
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 13, 2025
TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2520 by Bettencourt (Relating to the calculation of the limitation on the total amount of ad valorem taxes imposed by a school district on the residence homestead of an individual who is elderly or disabled.), As Introduced
TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB2520 by Bettencourt (Relating to the calculation of the limitation on the total amount of ad valorem taxes imposed by a school district on the residence homestead of an individual who is elderly or disabled.), As Introduced
Honorable Paul Bettencourt, Chair, Senate Committee on Local Government
Honorable Paul Bettencourt, Chair, Senate Committee on Local Government
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB2520 by Bettencourt (Relating to the calculation of the limitation on the total amount of ad valorem taxes imposed by a school district on the residence homestead of an individual who is elderly or disabled.), As Introduced
SB2520 by Bettencourt (Relating to the calculation of the limitation on the total amount of ad valorem taxes imposed by a school district on the residence homestead of an individual who is elderly or disabled.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Section 11.26 of the Tax Code to clarify that the limitation on tax increases (freeze) is the lesser of the amount of tax imposed by the school district in the preceding tax year adjusted as provided by this section or the amount of tax imposed on the homestead in the tax year immediately following the first tax year the individual qualified a residence homestead for the limitation.To the extent that appraisal districts have not applied current law in the same way as prescribed in the section added by the bill, there could be an impact on taxable values and to the state through the operation of the school finance formulas, however it is unlikely to be significant.
Local Government Impact
Provisions of the bill apply only to school districts.
Source Agencies: b > td > 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: b > td > JMc, SZ, KK, BRI
JMc, SZ, KK, BRI