Bill Text: TX HB5157 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to the amount of the exemption from ad valorem taxation by a school district of the appraised value of the residence homestead of a person who is elderly or disabled.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-03-24 - Referred to Ways & Means [HB5157 Detail]
Download: Texas-2023-HB5157-Introduced.html
88R13112 SHH-D | ||
By: Jones of Harris | H.B. No. 5157 |
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relating to the amount of the exemption from ad valorem taxation by | ||
a school district of the appraised value of the residence homestead | ||
of a person who is elderly or disabled. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 11.13(c), Tax Code, is amended to read | ||
as follows: | ||
(c) In addition to the exemption provided by Subsection (b) | ||
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entitled to an exemption from taxation by a school district of | ||
$560,000 [ |
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residence homestead. | ||
SECTION 2. This Act takes effect January 1, 2024, but only | ||
if the constitutional amendment proposed by the 88th Legislature, | ||
Regular Session, 2023, authorizing the legislature to increase the | ||
amount of the exemption from ad valorem taxation by a school | ||
district of the market value of the residence homestead of a person | ||
who is elderly or disabled is approved by the voters. If that | ||
proposed constitutional amendment is not approved by the voters, | ||
this Act has no effect. |