LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session April 19, 1995 TO: Honorable John T. Montford, Chair IN RE: House BillNo. 1127, Committee on Finance as engrossed Senate By: Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 1127 (Relating to the exemption from ad valorem taxation of the residence homestead of the surviving spouse of an elderly person.) this office has determined the following: The bill would amend Section 11.13, Tax Code, to provide for the extension of a tax exemption provided for an individual who is disabled or is 65 or older to a surviving spouse is was 55 or older when the deceased spouse died. The bill would take effect January 1, 1996, contingent on the passage of a constitutional amendment, such as House Joint Resolution 64, authorizing the legislature to expand the exemption. The bill would not have a fiscal impact on the state, because the bill would not cause a reduction in school district taxable values reported to the Commissioner of Education by the Comptroller. Source: LBB Staff: JK, RS, DF