Bill
Bill > HB2
TX HB2
TX HB2Relating to providing property tax relief through the public school finance system, exemptions, limitations on appraisals and taxes, and property tax administration; authorizing the imposition of a fee.
summary
Introduced
07/10/2023
07/10/2023
In Committee
07/11/2023
07/11/2023
Crossed Over
Passed
Dead
07/13/2023
07/13/2023
Introduced Session
88th Legislature 2nd Special Session
Bill Summary
Relating to providing property tax relief through the public school finance system, exemptions, limitations on appraisals and taxes, and property tax administration; authorizing the imposition of a fee.
AI Summary
This bill:
Relates to providing property tax relief through the public school finance system, exemptions, limitations on appraisals and taxes, and property tax administration. It authorizes the imposition of a fee.
The key provisions include:
- Reducing the maximum compressed tax rate for school districts in the 2023-2024 school year and providing additional state aid to certain districts impacted by this compression.
- Increasing the school district residence homestead exemption from $40,000 to $100,000.
- Adjusting the limitation on tax increases for the residence homesteads of elderly or disabled individuals.
- Providing additional state aid to school districts to offset the revenue loss from increases in residence homestead exemptions and limitations on tax increases.
- Imposing a 20% annual limit on the increase in the appraised value of real property other than residence homesteads for the 2024-2026 tax years.
- Modifying the structure and selection process for the boards of directors of appraisal districts in counties with populations of 75,000 or more.
The bill also includes transitional provisions for calculating tax rates and issuing tax bills for the 2023 tax year based on the changes in the legislation.
Committee Categories
Budget and Finance
Sponsors (71)
Dustin Burrows (R)*,
Will Metcalf (R)*,
Morgan Meyer (R)*,
Richard Raymond (D)*,
Shawn Thierry (R)*,
Steve Allison (R),
Doc Anderson (R),
Trent Ashby (R),
Cecil Bell (R),
Keith Bell (R),
Ben Bumgarner (R),
DeWayne Burns (R),
Angie Button (R),
Briscoe Cain (R),
Giovanni Capriglione (R),
Travis Clardy (R),
David Cook (R),
Charles Cunningham (R),
Drew Darby (R),
Jay Dean (R),
Mano DeAyala (R),
Mark Dorazio (R),
Frederick Frazier (R),
Stan Gerdes (R),
Charlie Geren (R),
Craig Goldman (R),
Ryan Guillen (R),
Sam Harless (R),
Cody Harris (R),
Caroline Harris Davila (R),
Richard Hayes (R),
Abel Herrero (D),
Justin Holland (R),
Lacey Hull (R),
Carrie Isaac (R),
Tracy King (D),
Stan Kitzman (R),
John Kuempel (R),
Stan Lambert (R),
Brooks Landgraf (R),
Terri Leo-Wilson (R),
Oscar Longoria (D),
Janie Lopez (R),
J.M. Lozano (R),
John Lujan (R),
Eddie Morales (D),
Geanie Morrison (R),
Candy Noble (R),
Tom Oliverson (R),
Angelia Orr (R),
Jared Patterson (R),
Dennis Paul (R),
Four Price (R),
John Raney (R),
Ron Reynolds (D),
Glenn Rogers (R),
Nate Schatzline (R),
Matt Shaheen (R),
Hugh Shine (R),
Shelby Slawson (R),
Reggie Smith (R),
David Spiller (R),
Lynn Stucky (R),
Carl Tepper (R),
Kronda Thimesch (R),
Ed Thompson (R),
Steve Toth (R),
Ellen Troxclair (R),
Gary VanDeaver (R),
Cody Vasut (R),
Terry Wilson (R),
Last Action
Laid on the table subject to call (on 07/13/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=882&Bill=HB2 |
| BillText | https://capitol.texas.gov/tlodocs/882/billtext/html/HB00002H.htm |
| Analysis (House Committee Report) | https://capitol.texas.gov/tlodocs/882/analysis/html/HB00002H.htm |
| Fiscal Note (Introduced) | https://capitol.texas.gov/tlodocs/882/fiscalnotes/html/HB00002I.htm |
| BillText | https://capitol.texas.gov/tlodocs/882/billtext/html/HB00002I.htm |
Loading...