LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session April 16, 2001 TO: Honorable Paul Sadler, Chair, House Committee on Public Education FROM: John Keel, Director, Legislative Budget Board IN RE: HB3339 by Flores (Relating to the authority of a school district to exempt from ad valorem taxation the property of an elderly disabled veteran.), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** The bill would amend Chapter 11 of the Tax Code by adding Section 11.221 to allow a school district to exempt from property tax the property of an elderly disabled veteran. The bill would provide that if a school district adopted a property tax exemption for 65-and-over disabled veterans under a proposed constitutional amendment, the veteran would be entitled to an exemption of the type and amount determined by the school district's governing body. The bill would take effect January 1, 2002, contingent on passage of a constitutional amendment, such as House Joint Resolution 102, authorizing the school districts to exempt from property taxation property owned by 65-and over disabled veterans. There would be no cost to the General Revenue Fund 0001, because under current law the value of this type of optional property tax exemptions are included in the Comptroller's determinations of school districts' total taxable values certified to the Commissioner of Education for school funding purposes. Local Government Impact School districts adopting the proposed exemption would experience a revenue loss, the amount of which would depend on the type, amount of the adopted exemption, and the number of qualified disabled veterans in the district. Source Agencies: 304 Comptroller of Public Accounts, 701 Texas Education Agency LBB Staff: JK, CT, BR