Bill
Bill > HB2889
TX HB2889
TX HB2889Relating to a credit against the ad valorem taxes imposed by a taxing unit on the residence homestead of a married couple that increases in amount based upon the number of children of the couple and reimbursement to taxing units for the revenue loss incurred as a result of the credit.
summary
Introduced
02/27/2023
02/27/2023
In Committee
03/14/2023
03/14/2023
Crossed Over
Passed
Dead
05/29/2023
05/29/2023
Introduced Session
88th Legislature Regular Session
Bill Summary
Relating to a credit against the ad valorem taxes imposed by a taxing unit on the residence homestead of a married couple that increases in amount based upon the number of children of the couple and reimbursement to taxing units for the revenue loss incurred as a result of the credit.
AI Summary
This bill creates a credit against ad valorem (property) taxes for married couples on their residence homestead. The credit amount increases based on the number of children the couple has, up to 100% of the taxes owed. The bill also requires the state to reimburse taxing units (such as cities and counties) for the revenue lost due to the credit. The bill only applies to tax years beginning on or after January 1, 2024, and is contingent on the passage of a related constitutional amendment.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Ways & Means (on 03/14/2023)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=HB2889 |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/HB02889I.htm |
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