SRC-JJJ S.B. 435 76(R)BILL ANALYSIS


Senate Research CenterS.B. 435
By: Carona
Intergovernmental Relations
6/23/1999
Enrolled


DIGEST 

Currently, Texas law requires the governing body of a political subdivision
to decide by May 1 whether to exempt from ad valorem taxation a percentage
of a market value of a residence homestead.  For many of the governing
bodies the result of the May 1 adoption requirement is that they make this
decision before their fiscal year budgeting process begins.  Moving the
date for adopting an exemption to later in the year will allow governing
bodies to consider more complete information when deciding whether to adopt
an optional homestead exemption.  This bill will move the date for adopting
this exemption to July 1. 

PURPOSE

As enrolled, S.B. 435 establishes the deadline for the adoption of an
optional exemption from ad valorem taxation on residence homesteads. 

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Section 11.13(n), Tax Code, to entitle a person a
certain tax exemption regarding the value of the person's residence
homestead, if that exemption is adopted by the governing body of the taxing
unit before July 1, rather than May 1, in the manner provided by law for
official action by the body. 

SECTION 2.  Amends Section 25.23(a), Tax Code, to require the chief
appraiser to prepare supplemental appraisal records listing certain
conditions, including property that qualifies for an exemption under
Section 11.13(n) that was adopted by the governing body of a taxing unit
after the date the appraisal records were submitted.  Makes conforming and
nonsubstantive changes. 

SECTION 3. Emergency clause.
           Effective date: upon passage.