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Bill > SB2
TX SB2
TX SB2Relating 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
07/12/2023
07/12/2023
Crossed Over
07/12/2023
07/12/2023
Passed
07/13/2023
07/13/2023
Dead
Signed/Enacted/Adopted
07/22/2023
07/22/2023
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 aims to provide 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. Key provisions include:
- Reducing school district maximum compressed tax rates for the 2023-2024 school year and providing additional state aid to certain districts impacted by the compression.
- Increasing the school district residence homestead exemption from $40,000 to $100,000 and prohibiting school districts, municipalities, and counties from reducing or repealing exemptions adopted in 2022.
- Modifying the limitation on tax increases for residence homesteads of the elderly or disabled.
- Establishing a "circuit breaker" limitation on appraised value increases for real property other than residence homesteads.
- Changing the composition and election of appraisal district boards of directors in more populous counties.
- Providing transitional provisions for the 2023 tax year to account for the changes made by the bill.
The bill's effectiveness is contingent on the passage of franchise tax reform legislation and the approval of a proposed constitutional amendment.
Committee Categories
Budget and Finance
Sponsors (101)
Paul Bettencourt (R)*,
Dustin Burrows (R)*,
Will Metcalf (R)*,
Morgan Meyer (R)*,
Richard Raymond (D)*,
Shawn Thierry (R)*,
Steve Allison (R),
Carol Alvarado (D),
Doc Anderson (R),
Trent Ashby (R),
Cecil Bell (R),
Keith Bell (R),
Brian Birdwell (R),
César Blanco (D),
Ben Bumgarner (R),
DeWayne Burns (R),
Angie Button (R),
Briscoe Cain (R),
Donna Campbell (R),
Giovanni Capriglione (R),
Travis Clardy (R),
David Cook (R),
Brandon Creighton (R),
Charles Cunningham (R),
Drew Darby (R),
Jay Dean (R),
Mano DeAyala (R),
Mark Dorazio (R),
Sarah Eckhardt (D),
Pete Flores (R),
Frederick Frazier (R),
Stan Gerdes (R),
Charlie Geren (R),
Craig Goldman (R),
Ryan Guillen (R),
Roland Gutierrez (D),
Bob Hall (R),
Kelly Hancock (R),
Sam Harless (R),
Cody Harris (R),
Caroline Harris Davila (R),
Richard Hayes (R),
Abel Herrero (D),
Chuy Hinojosa (D),
Justin Holland (R),
Joan Huffman (R),
Bryan Hughes (R),
Lacey Hull (R),
Carrie Isaac (R),
Phil King (R),
Tracy King (D),
Stan Kitzman (R),
Lois Kolkhorst (R),
John Kuempel (R),
Morgan LaMantia (D),
Stan Lambert (R),
Brooks Landgraf (R),
Terri Leo-Wilson (R),
Oscar Longoria (D),
Janie Lopez (R),
J.M. Lozano (R),
John Lujan (R),
José Menéndez (D),
Mayes Middleton (R),
Borris Miles (D),
Eddie Morales (D),
Geanie Morrison (R),
Robert Nichols (R),
Candy Noble (R),
Tom Oliverson (R),
Angelia Orr (R),
Tan Parker (R),
Jared Patterson (R),
Dennis Paul (R),
Angela Paxton (R),
Charles Perry (R),
Four Price (R),
John Raney (R),
Ron Reynolds (D),
Glenn Rogers (R),
Nate Schatzline (R),
Charles Schwertner (R),
Matt Shaheen (R),
Hugh Shine (R),
Shelby Slawson (R),
Reggie Smith (R),
Kevin Sparks (R),
David Spiller (R),
Drew Springer (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),
Royce West (D),
John Whitmire (D),
Terry Wilson (R),
Judith Zaffirini (D),
Last Action
See remarks for effective date (on 07/22/2023)
Official Document
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