TX HB223

Bill

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate.

Introduced
07/09/2021

In Committee

Crossed Over

Passed

Dead
08/07/2021

Introduced Session

87th Legislature 1st Special

Bill Summary

AI Summary

This bill amends the Tax Code to provide a formula for reducing the amount of the limitation on the total amount of ad valorem taxes that a school district can impose on the residence homestead of an individual who is elderly or disabled. The reduction is meant to reflect any decrease in the school district's maximum compressed tax rate from the previous year. The bill includes specific formulas for calculating the reduced limitation amount based on the first year the individual or their spouse qualified for the homestead exemption. The bill applies to tax years beginning on or after January 1, 2022, but only if a related constitutional amendment is approved by voters.

Sponsors (10)

Angie Button (R)*, Hugh Shine (R)*, Keith Bell (R), Jay Dean (R), Phil King (R), Tan Parker (R), Matt Shaheen (R), David Spiller (R), Tony Tinderholt (R), Cody Vasut (R),

Last Action

Filed (on 07/09/2021)

Official Document

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=871&Bill=HB223

(4 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://capitol.texas.gov/BillLookup/History.aspx?LegSess=871&Bill=HB223
BillText	https://capitol.texas.gov/tlodocs/871/billtext/html/HB00223I.htm
Bill	https://capitol.texas.gov/tlodocs/871/billtext/pdf/HB00223I.pdf

Bill	Bill Name	Last Action	Type
HB126	Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate.	Referred to Ways & Means	Same As
HJR21	Proposing a constitutional amendment authorizing the legislature to provide for the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed for general elementary and secondary public school purposes on the residence homestead of a person who is elderly or disabled to reflect any statutory reduction from the preceding tax year in the maximum compressed rate of the maintenance and operations taxes imposed for those purposes on the homestead.	Filed	Enabling for
SB12	Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate.	Co-author authorized	Same As
SB20	Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate.	Filed	Same As

Bill > HB223

summary

Introduced Session

Bill Summary

AI Summary

Sponsors (10)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary