Bill

Bill > SB12


TX SB12

TX 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 and to the protection of school districts against the resulting loss in local revenue.


summary

Introduced
08/06/2021
In Committee
08/23/2021
Crossed Over
08/09/2021
Passed
08/29/2021
Dead
Signed/Enacted/Adopted
09/17/2021

Introduced Session

87th Legislature 2nd Special Session

Bill Summary

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 and to the protection of school districts against the resulting loss in local revenue.

AI Summary

This bill amends the Tax Code to reduce the amount of the 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. The reduction reflects any decrease from the preceding tax year in the district's "maximum compressed rate", which is a term defined in the bill as the maximum compressed rate calculated under the Education Code. The bill also provides for additional state aid to school districts to fully compensate them for the resulting loss in local revenue. The bill applies to ad valorem taxes imposed for tax years beginning on or after January 1, 2023, but only if a related constitutional amendment is approved by voters.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (90)

Paul Bettencourt (R)* Dustin Burrows (R)* Angie Button (R)* Ryan Guillen (R)* Lois Kolkhorst (R)* Will Metcalf (R)* Morgan Meyer (R)* Steve Allison (R),  Carol Alvarado (D),  Doc Anderson (R),  Trent Ashby (R),  Ernest Bailes (R),  Cecil Bell (R),  Keith Bell (R),  Kyle Biedermann (R),  Brian Birdwell (R),  César Blanco (D),  Greg Bonnen (R),  Dawn Buckingham (R),  Brad Buckley (R),  DeWayne Burns (R),  Donna Campbell (R),  Giovanni Capriglione (R),  David Cook (R),  Brandon Creighton (R),  Drew Darby (R),  Jay Dean (R),  Sarah Eckhardt (D),  Art Fierro (D),  Charlie Geren (R),  Craig Goldman (R),  Roland Gutierrez (D),  Bob Hall (R),  Kelly Hancock (R),  Sam Harless (R),  Cody Harris (R),  Cole Hefner (R),  Chuy Hinojosa (D),  Dan Huberty (R),  Joan Huffman (R),  Bryan Hughes (R),  Lacey Hull (R),  Todd Hunter (R),  Jacey Jetton (R),  Nathan Johnson (D),  Stephanie Klick (R),  John Kuempel (R),  Jeff Leach (R),  Ben Leman (R),  J.M. Lozano (R),  Eddie Lucio (D),  José Menéndez (D),  Mayes Middleton (R),  Geanie Morrison (R),  Jim Murphy (R),  Jane Nelson (R),  Robert Nichols (R),  Candy Noble (R),  Tom Oliverson (R),  Chris Paddie (R),  Jared Patterson (R),  Dennis Paul (R),  Angela Paxton (R),  Charles Perry (R),  Beverly Powell (D),  Four Price (R),  John Raney (R),  Glenn Rogers (R),  Scott Sanford (R),  Charles Schwertner (R),  Kel Seliger (R),  Matt Shaheen (R),  Hugh Shine (R),  Bryan Slaton (R),  Shelby Slawson (R),  David Spiller (R),  Drew Springer (R),  Phil Stephenson (R),  Lynn Stucky (R),  Valoree Swanson (R),  Larry Taylor (R),  Ed Thompson (R),  Tony Tinderholt (R),  Steve Toth (R),  Gary VanDeaver (R),  Cody Vasut (R),  Royce West (D),  James White (R),  John Whitmire (D),  Terry Wilson (R), 

Last Action

See remarks for effective date (on 09/17/2021)

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