Bill Text: TX HB55 | 2023 | 88th Legislature 2nd Special Session | Introduced
Bill Title: Relating to the determination and reporting of the number of residence homesteads of elderly or disabled persons that are subject to the limitation on the total amount of ad valorem taxes that may be imposed on the properties by school districts.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-06-29 - Filed [HB55 Detail]
Download: Texas-2023-HB55-Introduced.html
88S20137 SHH-D | ||
By: Schofield | H.B. No. 55 |
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relating to the determination and reporting of the number of | ||
residence homesteads of elderly or disabled persons that are | ||
subject to the limitation on the total amount of ad valorem taxes | ||
that may be imposed on the properties by school districts. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 11.26, Tax Code, is amended by adding | ||
Subsections (e-1) and (e-2) to read as follows: | ||
(e-1) For each school district in an appraisal district, the | ||
chief appraiser shall: | ||
(1) determine the number of residence homesteads | ||
subject to the limitation on tax increases required by this section | ||
for the current tax year; and | ||
(2) not later than September 1 of that tax year, report | ||
the number to the comptroller in the form prescribed by the | ||
comptroller. | ||
(e-2) Not later than November 1 of each tax year, the | ||
comptroller shall report to the lieutenant governor, the speaker of | ||
the house of representatives, and each member of the legislature | ||
the total number of residence homesteads in the state, as reported | ||
to the comptroller under Subsection (e-1), subject to the | ||
limitation on tax increases required by this section for that tax | ||
year. The report must include the number of those residence | ||
homesteads in each school district or a reference to where the | ||
information for each school district may be accessed. | ||
SECTION 2. This Act applies only to a tax year that begins | ||
on or after the effective date of this Act. | ||
SECTION 3. This Act takes effect January 1, 2024. |