Bill Text: TX HB2303 | 2023-2024 | 88th Legislature | Introduced
Bill Title: 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.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-03-09 - Referred to Ways & Means [HB2303 Detail]
Download: Texas-2023-HB2303-Introduced.html
By: Martinez Fischer | H.B. No. 2303 |
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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 [ |
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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. |