JWB H.J.R. 80 75(R)BILL ANALYSIS WAYS & MEANS H.J.R. 80 By: Farrar 4-18-97 Committee Report (Unamended) BACKGROUND Chapter 11, Tax Code (Exemptions), provides for ad valorem tax exemptions for certain organizations that provide certain public policy goals, and Section 23.18, Tax Code, provides a nominal exemption for the property owned by a nonprofit homeowners' organization. Currently, neighborhood associations that preserve, protect, improve, and monitor matters affecting a defined residential area have no special tax treatment. PURPOSE The joint resolution allows the legislature to exempt property of a neighborhood association from ad valorem taxation. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency or institution. SECTION BY SECTION ANALYSIS SECTION 1. Amends Article VIII, Texas Constitution, by adding Section 1-m, PROPERTY OF NEIGHBORHOOD ASSOCIATIONS; EXEMPTION FROM AD VALOREM TAXATION. (a) Provides that the legislature may exempt property of a neighborhood association from ad valorem taxation. (b) Defines "neighborhood association" SECTION 2. Election date: November 4, 1997; establishes ballot language.