Enrolled Bill Summary
Legislative Session: 89(R)
Senate Bill 23 | Effective: See below |
Senate Author: Bettencourt et al. | Senate Committee: Local Government |
House Sponsor: Meyer et al. | House Committee: Ways & Means |
Senate Bill 23 amends the Education Code and Tax Code to increase the amount of the exemption from property taxation by a school district of the appraised value of an elderly or disabled individual's residence homestead from $10,000 to $60,000 and to provide for the protection of public school districts against certain losses in local revenue. Among other provisions, the bill also does the following:
- sets out provisions relating to the calculation of school districts' maximum compressed tax rates;
- makes temporary adjustments to the recapture process for school districts with local revenue in excess of entitlement to account for the election that will be held on the bill's corresponding constitutional amendment and its effects on local revenue levels for the 2025-2026 school year if approved, including by providing for the delay of an election held by certain districts to approve an option to reduce local revenue levels; and
- sets out transitional tax year provisions.
Except as otherwise provided by the bill, the bill takes effect June 16, 2025.